Nifty may open with negative bias; volatility seen

Moneycontrol Bureau

Indian shares are expected to open flat to lower, as signalled by a soft opening in the SGX Nifty in Singapore, even as experts said volatility may be heightened ahead of expiry of monthly derivatives contracts on Thursday.

Overnight, Wall Street clocked a weak finish, with key US benchmarks shedding about 0.2 percent, while in Asian trading, stocks were mixed: Shanghai Composite and Nikkei gave up early strength while Hang Seng continued to trade strong.

Yesterday, the Nifty fell about 1.1 percent, or 88 points, to close below the key 8,400 mark.

The failure to convincingly cross 8,400 -- halfway past the mark in retracement from 8,000 towards the recent 8,800 top -- may lead some analysts to believe the bounceback could be capped.

In other asset classes, the US dollar was trading slightly higher, while crude and gold were largely flat.