7 May, 2014 (8:48AM IST)
Seven Indian states are busy today with 8th round of polling for the ongoing general elections.
Obviously, markets will be volatile with local speculations and global tensions.
In other words, a very interesting day for traders
SGX Nifty is slightly negative at the time of writing as USD picked up against the Indian rupee and recovered to trade above 61 after falling below this level yesterday.
Nifty is hovering near 6700 mark, still restricted between 6740- 6994 like last 4 session.
Will Nifty too slip back to this low level on global tensions?
That will become clearer once it’s time for European markets to ring their opening bell. Like other stock markets, Indian markets will also keep an eye on Russian stock markets and their trading pattern.
Expect a volatile and narrow range bound trading session in Indian stock markets once again, just like last few sessions.
Enjoy the day, have fun, have a great session in stock markets today!
See you later.