India benchmark indices are likely to open higher today as SGX Nifty was trading 28 points higher at 17,951 level amid mixed global cues. Singapore Nifty SGX Nifty is a Nifty index that is traded in Singapore Stock Exchange and considered to be the first indication of Indian markets opening.
The Indian equity market finished lower on Tuesday, tracking losses in the market heavyweights such as Reliance Industries, Tata Steel and ICICI Bank amid a muted trend in global markets.
The company's shares closed 109.40 points or 0.18 per cent lower at 60,029. Nifty lost 40.70 points or 0.23 per cent to 17,888. Tata Steel was the top loser of Sensex, falling around 3.74 per cent, and followed by Tech Mahindra, HCL Tech, IndusInd Bank and Reliance Industries. Maruti, NTPC, Titan, SBI and L&T were some of the top gainers of Sensex, up to 2.36%.
The 18,000 mark acted as a key barrier in terms of the level, according to BNP Paribas, Gaurav Ratnaparkhi, head of Technical Research, sharekhan. The index could not remain in the higher territory and closed below, because of the crossed level on an intraday basis. If bulls are able to cross that hurdle on a closing basis, the short term range will shift higher. On the flip side, failure to cross that level will keep the short-term consolidation confined within the range of 17,600 - 18,000. Foreign institutional investors FIIs bought shares worth Rs 244 Crore on November 2, and domestic institutional investors DIIs sold shares worth Rs 6 Crore as per provisional data available on NSE.
Australia's S&P ASX 200 was trading 71 points higher at 7,396. Nikkei fell 126 points to 29,520, and Shanghai Composite fell 4 points at 3,501.
hang Seng index went down 202 points to 24,901. The S&P 500 ended 17 points higher on Wall Street, the Nasdaq rose 53 points at 15,649 and the Dow Jones climbed 138 points to 36,052.