Indian equity markets are poised to open flat with marginal gains on Monday, tracking mixed cues prevailing in the Asian markets.
The SGX Nifty, which was trading at 9,858 with minor gain of 10 points, is indicating flat start for the day.
Nifty50 has immediate support placed around the 9,770 level and the next support is placed around the level of 9,700. On the upside, the level of 9,860 will act as an immediate resistance, while the next resistance is seen around the level of 9,900.
Back home, profit-booking was seen in Indian markets on Friday after three days of continuous rally amid weak global cues. Strong sell-off was seen in Infosys after the announcement that the board of directors has accepted the resignation of Vishal Sikka as the Managing Director and CEO with immediate effect. Sensex slipped 271 points to end at 31,525 and the Nifty dropped 67 points to finish at 9,837.
The US stocks ended the last trading session of the week with marginal losses as stocks showed lack of direction. The Dow Jones Industrial Average finished down 76 points at 21,675. The S&P 500 shed 4 points to close at 2,426. The tech-laden Nasdaq Composite Index edged down 5 points to 6,217.
Asian markets were mixed in early trade on Monday. Japan’s Nikkei 225 has shed 87 points, while Hong Kong's Hang Seng has surged 144 points and China’s Shanghai Composite has gained 10 points.
The SGX Nifty, which was trading at 9,858 with minor gain of 10 points, is indicating flat start for the day.
Nifty50 has immediate support placed around the 9,770 level and the next support is placed around the level of 9,700. On the upside, the level of 9,860 will act as an immediate resistance, while the next resistance is seen around the level of 9,900.
Back home, profit-booking was seen in Indian markets on Friday after three days of continuous rally amid weak global cues. Strong sell-off was seen in Infosys after the announcement that the board of directors has accepted the resignation of Vishal Sikka as the Managing Director and CEO with immediate effect. Sensex slipped 271 points to end at 31,525 and the Nifty dropped 67 points to finish at 9,837.
The US stocks ended the last trading session of the week with marginal losses as stocks showed lack of direction. The Dow Jones Industrial Average finished down 76 points at 21,675. The S&P 500 shed 4 points to close at 2,426. The tech-laden Nasdaq Composite Index edged down 5 points to 6,217.
Asian markets were mixed in early trade on Monday. Japan’s Nikkei 225 has shed 87 points, while Hong Kong's Hang Seng has surged 144 points and China’s Shanghai Composite has gained 10 points.
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