Global cues negative; gap down opening seen on Nifty

Equity trading tips : Global cues negative; gap down opening seen on Nifty

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The Indian equity market is expected to open in the red today after seeing a choppy trade last week. The SGX Nifty, an indicator of the market opening, was trading at 8093.50, down 15.50 points.

The 30-share BSE Sensex fell 44.93 points to 26768.49 on Friday and the 50-share NSE Nifty declined 15.95 points to 8114.70. Meanwhile, the US markets ended in the red, partly on the back of the US jobs data and partly by the back and forth in Greece over a reforms deal. The German DAX and the French CAC lost more than a percent each.

The British FTSE down eight tenths of a percent. The German ten-year bond yield rose sharply to 0.85 percent.

Asian markets opened mixed, with investors reacting to key economic data from the region's second-largest economy. Japan's revised first-quarter gross domestic product (GDP) expanded 3.9 percent, much higher than the preliminary reading of a 2.4 percent increase.

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