Nifty index is expected to open lower to day as muted trend is observed in Asian markets.
Contract Month Open High Low Close Last Traded Change Open Interest Yesterday
E Jan 14 6,188.50 6,216.50 6,188.50 0.00 6,195.00 -63.50 322,014 6,258.50
At 08.25 a.m., SGX Nifty India were trading 63.50 points lower at 6195.00, indicating a gap-down opening on the domestic market.
On the macro economic front, India's manufacturing activity slowed down as per the HSBC India Manufacturing Purchasing Managers Index (PMI) — a measure of factory production — fell to 50.7 in December from 51.3 in November. This pulled down key stock indices and along with weak European cues put brakes on the buying spree in the stock market.
Markets, which were trading firm till about 1:30 pm on yesterday, dropped suddenly amid speculation that basket-selling by a few foreign institutional investors (FIIs) triggered the decline.