Indian Equity Pre Market Report: 23.Mar.2016: Nifty may open up


Nifty may open up; Asia mixed, Brussels attack hits market mood Asian markets were trading mixed with the Nikkei 225 higher by 0.17 percent, China's Shanghai Composite down by 0.12 percent and Hong Kong’s Hang Seng unchanged from previous close at around 20,667.27.

The 50-share Nifty is seen opening marginally in the green on Wednesday as indicated by the 8.00 points increase in the SGX Nifty, which was trading at 7732.00 at 7.40 AM. Asian markets were trading mixed with the Nikkei 225 higher by 0.17 percent, China's Shanghai Composite down by 0.12 percent and Hong Kong’s Hang Seng unchanged from previous close at around 20,667.27. US stocks closed slightly lower on Tuesday, inching back from an initial selloff. Declines in consumer and telecom stocks offset a jump in healthcare shares. European markets finished mixed on Tuesday after explosions rocked the Belgium capital of Brussels. A number of names in the travel and leisure sector closed sharply lower. Thomas Cook group closed down over 4.2 percent. In currency trade, the USD rose as the euro and sterling weakened in reaction to the Brussels attack weighing on investor risk sentiment. Among commodities, crude prices fell on industry data showing bigger-than-expected builds in US inventory