According to a report by Angel Broking, Indian markets are expected to open on a flat note with positive bias tracking the SGX Nifty and most of global markets.
Angel Broking's technical report:
Indian markets are expected to open on a flat note with positive bias tracking the SGX Nifty and most of global markets.
The US markets remained in the same range as its previous session throughout Friday but managed to close in the green. The traders were on the side-line ahead of the two day Federal Reserve's monetary policy meeting starting September 16, 2015.
For the second consecutive session, the European markets closed in the negative territory on Thursday. The pull back was attributed to investor uncertainty ahead of the release of China’s Industrial Production data on September 13, 2015 and outcome of FOMC meeting next week.
After registering early gains, Indian Markets ended flat on Friday as trader remained cautious ahead of economic data release from China on Sunday as well as much anticipated FOMC meet this week.
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.The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on Sep 14, 2015 08:49 am