The BSE Sensex and NSE Nifty are likely to open in green on Thursday tracking SGX Nifty and Asian markets. At 8.30 am (IST), SGX Nifty was up 26 points, or 0.33 per cent, at 7,850.
However, markets are likely to remain volatile throughtout the day on account of derivatives expiry. Also, the Winter Session of the Parliament that will start from November 26 (Thursday) is expected to be a stormy one.
Analysts believe the upcoming Parliament session will keep Sensex and Nifty highly volatile. The session will end of December 23. Ambareesh Baliga, independent market expert said, “We could see a continuous logjam, unless the BJP takes an accommodative stance. The important bills going thorough is a pipe dream but the silver lining for the markets is the expectation levels are low. So any positive developments will be welcomed with a rally.”
Asian shares advanced in early trade on Thursday, while growing bets the European Central Bank was gearing up to deliver further stimulus steps kept the euro under pressure. Hang Seng, Nikkei and Shanghai were up 0.93 per cent, 0.56 per cent and 0.05 per cent, respectively.
The US markets made a flat closing in last session, despite some good economic data, as the traders remained on sidelines ahead of the Thanksgiving holiday. The Asian markets have made mostly a positive start with some indices rallying, led by surge in the industrial metal stocks and with recovery in global oil prices.
Back home, markets ended in the red on Tuesday as the benchmark BSE Sensex slipped by about 44 points to end at 25,775.74 on offloading of positions by participants amid a mixed trend in Asia and a lower opening in Europe. Domestic equity markets were closed on Wednesday on account of ‘Guru Nanak Jayanthi’.
(With inputs from agencies)