Indian markets are likely to open flat

Indian capital markets witnessed a choppy trade and ended on a higher note in Tuesday’s trading session. Nifty was able to sustain level of 8500. The BSE Sensex increased 40.96 points or 0.15% quoting 27787.62 and Nifty also rose by 19.85 points or 0.23% quoting 8528.55.  All of the sectoral indices traded in red except Banking, Consumer Durables and FMCG.

IMF has slashed the global forecast on BREXIT fallout. Its World Economic Outlook was published on Tuesday, and kept global growth at 3.1 per cent in 2016. The forecasted global growth is down by 0.1 per cent from its forecast in April.

Wall Street also traded in the mix on Tuesday. The Dow Jones remained increased by 0.14% to 18559. The S&P 500 reduced by 0.14 per cent, quoting 2164. U.S. benchmark crude, WTI  decreased 0.11% to USD 44.6; while Brent crude, the international standard, rose by 0.04% to USD 46.68.

European indices also traded in the mix on July 19. Germany's main index, the DAX, traded down by 0.81% to 9981 along with France's CAC 40, which decreased 0.63% to 4330. However, Britain's FTSE 100 remained flat and increased by just 0.03% quoting 6697.

Markets in Asia are following global cues and are trading in the mix during the morning session on Wednesday. The Shanghai Composite index has decreased by 0.05%. Japan’s Nikkei 225 index has declined by 0.70%. Australia’s S&P/ASX 200 Index has increased by 0.48%; while New Zealand’s S&P/NZX 50 Index has remained flat. South Korea’s KOSPI also has reduced 0.17%. The Hang Seng Index has increased by 0.43%.

While on domestic front, A SGX Nifty index future for July series is trading up by 12 points at 8567. Indian markets are likely to open flat.