The Indian stock market is expected to open on a cautious note as trends on SGX Nifty indicate a flat opening for the index in India with a 2 points loss.

Nifty rose 2.33 percent to close at 14,845.10 on March 30 the biggest level seen since March 16, 2021, while the BSE Sensex posted 1,128.08 points gains, the 14th biggest one-day rally, to end the session above the psychological 15,000-mark at 50,136.58.

All sectoral indices closed in the green. Nifty IT, Metal, Pharma and FMCG marked the biggest gains among sectors, rising 2.9 percent, 2.79 percent, 2.72 percent and 2.25 percent, respectively.

The broader markets also participated in the run as the Nifty Midcap 100 index was up 1.7 percent and Smallcap 100 index gained 1.26 percent.

 

US Markets

The Dow Jones Industrial Average fell 104.41 points, or 0.31 percent, to 33,066.96, the S&P 500 lost 12.54 points, or 0.32 percent, to 3,958.55 and the Nasdaq Composite dropped 14.25 points, or 0.11 percent, to 13,045.39.

 

Asian Markets

Asian stocks were set to open higher on March 31, as global financial shares retraced some of their recent losses, driven in part by higher bond yields, and investors awaited a closely watched Chinese factory activity survey.

In early Asian trade, Australian S&P/ASX 200 futures rose 0.84 percent while Hong Kong’s Hang Seng index futures were up 0.43 percent. Japan’s Nikkei 225 futures were down 0.29 percent.

 

SGX Nifty

Trends on SGX Nifty indicate a flat opening for the index in India with a 2 points loss. The Nifty futures were trading at 14,926 on the Singaporean Exchange around 07:30 hours IST.