The Indian stock markets look set to open tad lower on Thursday on the back of sluggish trading across Asian peers. The SGX Nifty, which was trading at 10,095, indicated that the Nifty may open lower by 7 points. Going forward, Nifty has immediate resistance in the zone of 10,088-10,100, followed by 10,140-10,150. On the other hand, if Nifty continues to correct from current levels , the zone of 10,040-10,020 may act as a support level for the Nifty.
Back home, after opening almost flat, Indian markets rallied to almost life-time high levels by mid-noon session, but in the last hour of trading, markets cracked swiftly. The broader markets underperformed, which is why market bias remained weak with 599 advances and 1079 declines. At the closing bell, Sensex gained 28 points to close at 32,186 and Nifty shed 14 points to settle at 10,079.
On the Wall Street, all three major US stock indices spent the day bouncing back and forth across the neutral line and eventually ended the session with marginal gains, reaching new record closing highs. The Dow Jones Industrial Average gained 39 points to end at 22,158. The Nasdaq Composite Index advanced 6 points to finish at 6,460 and the S&P 500 inched up 2 points at 2,498.
Asian stocks were seen trading subdued in early trade on Thursday. The Japan’s Nikkei 225 has climbed 17 points and China’s Shanghai Composite has risen 7 points, while Hong Kong's Hang Seng has shed 52 points.
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