The Indian equity markets are expected to open on a flat-to-positive note on Wednesday on the back of positive leads from the Asian peers. The SGX Nifty was trading at 9,881, indicating that the Nifty may open with gains of 25 points at the opening bell. The level of 9,800 is a very crucial support for the Nifty, followed by 9,780. On the upside, 9,900 and 9,930 may act as stiff resistance levels for the Nifty.
Back home, Indian markets started the day on a cautious note, and soon thereafter, markets continued to inch lower. However, in the second half of the trading session, markets bounced back sharply from lower levels to erase most of the losses. At the closing bell, Nifty lost one point to settle at 9,872 and BSE Sensex shed 27 points to close at 31,600.
The GST collections for the month of August, 2017 have slackened compared to the month of July. A little over Rs 90,600 crore were collected in August.
The US stock markets spent much of the day lingering near the neutral line before closing mixed on Tuesday. The Dow Jones Industrial Average slipped 12 points to 22,284. The tech-centric Nasdaq Composite index gained 10 points to finish at 6,380 and the S&P 500 closed near the neutral line.
Majority of Asian indices are trading marginally higher in early trade on Wednesday. Hong Kong's Hang Seng has surged 114 points and China’s Shanghai Composite has inched up 2 points, while Japan’s Nikkei 225 has dipped 71 points
