Sensex and Nifty set to open flat amid mixed global indices

Indian benchmarks are expected to open higher today as SGX Nifty traded flat at the 18,041 level amid mixed global indices. Singapore Nifty (SGX Nifty) is the Indian Nifty Index traded on the Singapore Stock Exchange and considered the earliest indication of the opening of Indian markets.

The 30-stock Sensex ended Tuesday at 148.53 points, or 0.25% higher, at 60,284.31. Nifty rose 46 points or 0.26% to its new closing high of 17,991.95.

Titan was Sensex’s first winner, rallying 5.55%, followed by Bajaj Auto, Bajaj Finserv, SBI, Nestlé India, ITC, Axis Bank and Tata Steel.

Among the biggest losers in Sensex were HCL Tech, Tech Mahindra, UltraTech Cement, TCS and Sun Pharma, dropping to 4.04%.

Gaurav Ratnaparkhi, Head of Technical Research at Sharekhan, said: “If Nifty manages to break above the 18,000 level at the close, the consolidation will be considered to have broken up and the index will then be set for a significant rise. However, failure to cross the 18,000 mark at the close would keep the index in the consolidation phase in the short term. “

Foreign institutional investors (FII) sold shares worth Rs 278 crore on October 12, and domestic institutional investors (DII) unloaded shares worth Rs 741.22 crore, according to provisional data available at NSE.

Global markets

In Hong Kong, the Hang Seng index lost 181 points to 25,140. The Australian S & P / ASX 200 lost 13 points to 7,267. Nikkei lost 61 points to 28,168. On Wall Street, the S&P 500 lost 10 points to 4,350, the Nasdaq lost 20 points to 14,465 and the Dow lost 117 points to 34,378.

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