Market set to open in the red, inline with Asian Peers

SGX Nifty is currently trading in the red down 27 points at 10,514.

Volatility in the market is expected to persist with the result season currently underway and rising crude oil prices.

Bata, Bharat Forge, Bosch, Cipla, Dr Reddy’s Laboratories, HPCL, Indian Oil and Tv Today are some of the large-cap companies set to announce their Q4 results today.

Global markets
Major Asian markets are trading mildly in the red, Nikkei is down 0.08%, Hang Seng is up 0.60%, while the Shanghai Composite is trading 0.20% lower.

US Markets: Stocks witnessed a smart rally in yesterday’s session with Dow managing to reclaim the 25k level. The Dow surged 1.21% to 25,013, the Nasdaq was up 0.54% at 7,394 and the S&P 500 ended 0.74% higher at 2,733.

The strength on Wall Street was witnessed amid optimism about a positive outcome from trade talks between the US and China.

European markets closed in the green yesterday with FTSE ending 1.02% higher, while the CAC was up  0.41%.

FII Data: 
In yesterday’s session, FII’s sold 496 crores stock in the cash market whereas DII’s bought 1,190 crores worth of stock.

In the derivative market, FII’s sold 673 crores of Index futures and bought 1,780 crores worth of Index options.

In the stock futures segment, FII’s sold 520 crores worth of stock futures and bought 60 crores stock options.

Referance- https://www.indiainfoline.com/article/news-top-story/market-set-to-open-in-the-red-inline-with-asian-peers-118052200001_1.html