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Last Updated : Apr 17, 2018 09:15 AM IST | Source: Moneycontrol.com

Market likely to open lower, to remain volatile amid geopolitical tension

Indian market is expected to remain volatile amid of geopolitical tension. Nifty Future is opening gap down by 1 point against yesterday’s close 10543 as indicated by SGX Nifty which is currently trading at 10542, says a report by Dynamic Levels.

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Dynamic Levels' Market Outlook:

The Indian benchmark Index Nifty closed higher for the straight eighth consecutive day, despite of geopolitical tension and trade war between US and China.

The Index rose 48 points or 0.46 percent to settle at 10528.35. US President Donald Trump declared mission accomplished on Twitter on Saturday, a day after the US, France and the UK launched military strikes targeting three chemical weapons facilities in Syria in retaliation for a suspected poison gas attack in Douma on April 7.

Meanwhile, Russian President Vladimir Putin reportedly warned on Sunday that further Western attacks on Syria would bring chaos to world affairs, as Washington prepared to increase pressure on Russia with new economic sanctions.

Indian market is expected to remain volatile amid of geopolitical tension. In the current expiry, FII and PRO in combined have bought 181568 contracts in Index Options.

Nifty Future is opening gap down by 1 point against yesterday’s close 10543 as indicated by SGX Nifty which is currently trading at 10542.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
First Published on Apr 17, 2018 09:15 am
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