Indian indices may open lower today, tracking global cues, and as investors turning cautious ahead of exit polls data for the assembly polls later this week. SGX Nifty’s trends indicate a flat opening with a negative bias.
Asian markets had a mixed start due to mounting geopolitical risks in the region and rising expectations of a tighter monetary policy by the US Federal Reserve at its meet next week.
The Nikkei was down over 100 points due to a stronger yen, while the Hang Seng was trading flat with a negative bias.
On the economic data front, Japan's fourth-quarter gross domestic product was revised up to 1.2 percent from the preliminary figure of 1 percent.
In India, the markets were in consolidation mode as investors sat on the fence ahead of exit polls. The Nifty is still within a striking distance of 9000. The 30-share BSE Sensex was down 48.63 points at 28999.56 and the 50-share NSE Nifty fell 16.55 points to 8946.90.
NSE NIFTY TIPS