Market Cues for the day - June 12th, 2019 - Angel Broking

Indian markets are likely to open flat tracking global indices and SGX Nifty. US Stocks failed to sustain an initial move to the upside and spent the better part of Tuesday's trading showing a lack of direction. The major averages bounced back and forth across the unchanged line before closing slightly lower. The Dow dipped by 0.1 percent to 26,049 and the Nasdaq was flat at 7,823. U.K. tocks were moving higher on Tuesday as hopes of more stimulus for China's slowing economy helped push mining stocks higher. The FTSE 100 was up by 0.4 percent at 7,407. On domestic front, Indian shares eked out modest gains on Tuesday, with gains in rupee and positive global cues offering some support. During the trading session, benchmark BSE Sensex was up by 0.4 percent to 39,950.

Source : Equity Bulls

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