Early trade in Asia and trends on SGX Nifty, the Singaporean exchange for Nifty Futures, suggest a flat start for the Indian indices.
Asian peers were trading flat on Thursday as confusion shrouded after US President Donald Trump said on Wednesday that a trade deal with China was possible this weekend but warned he was prepared to impose higher tariffs on virtually all remaining Chinese imports if talks fail.
On Wall Street, the Dow Jones Industrial Average slipped 0.04% during the overnight trade on Wednesday. The S&P500 dipped 0.12% while the Nasdaq gained 0.32%.
Back home, Markets ended at a two-week closing high on Wednesday. The benchmark S&P BSE Sensex settled 157 points higher at 39,592 while the broader Nifty50 index closed 51 points higher at 11,848.
After yesterday’s session, Index formed a big body bullish candlestick pattern indicating current momentum to continue unless Nifty trades below 11,750 levels.
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