NEW DELHI: The 50-share Nifty index is expected to open flat in absence of any major global cues on Saturday in a special trading session.
At 07:30 a.m., Nifty India stock futures in Singapore were trading 12 point higher at 6522.50, indicating a flat-to-higher opening on the domestic market
Benchmark indices ended almost flat on Friday as investors preferred to book profits after sharp rally seen earlier this week
From last Friday, the BSE Sensex lost 56.05 points even though it hit lifetime high of 22,040.72 on March 18. The 50-share NSE index Nifty rose 10.10 points, or 0.16 per cent, to end at 6,493.20, after touching high of 6,522.90
"In prevailing market situation, participants should concentrate more on stocks trading and prefer counters from FMCG, metal, private banks and select midcap for fresh buying," said Jayant Manglik, President-retail distribution, Religare Securities Ltd.
Overnight, US stocks ended lower as investors preferred to book profits wiping out early gains that had pushed the S&P 500 to an intraday record high.
Investors continued to monitor geopolitical issues after President Vladimir Putin signed laws completing Russia's annexation of Crimea. Russia's MICEX stock index fell 1 per cent after a US decision to slap sanctions on Putin's inner circle," Reuters reported
The Dow Jones industrial average fell 28.28 points or 0.17 per cent, to 16,302.77. The S&P 500 slipped 5.49 points or 0.29 per cent, to 1,866.52. The Nasdaq Composite dropped 42.498 points or 0.98 per cent, to close at 4,276.788