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Indian Stock Market, December 8: Expected to open flat, Asian markets trade mixed

Benchmark Chinese Index Shanghai composite up 0.11%, Hong Kong’s Hang Seng Index trading up 0.11%.


The Indian stock markets are set for a stable open on Friday, with early indicators pointing to a flat start. The Nifty 50 index futures traded on the Singapore Exchange (SGX) were last seen at 21,074.5 points, nearly unchanged from the previous close.

Benchmark indices like the NSE Nifty 50 and the BSE Sensex are also likely to have a positive yet cautious start, in line with the SGX Nifty levels.

In other Asian markets on Friday morning, Japan’s Nikkei dropped 1.39% while Hong Kong’s Hang Seng and China’s Shanghai Composite edged up 0.11%. The Asia Dow index was down 0.26%.

Wall Street indices closed higher on Thursday, aided by a tech-led rally. The Nasdaq Composite closed 1.37% higher while the S&P 500 gained 0.80%. The Dow Jones Industrial Average finished 0.17% higher.

Overall, signs are that Indian equities may have a largely flat to mildly positive start on Friday, mirroring trends across Asia. Key indices are expected to open largely unchanged from yesterday’s close.

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