SGX NIFTY hint at negative start for Indian market on March expiry day

Indian market expected to open lower as indicated by the Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index on Wednesday. The Indian Benchmarks is set to snap its two day winning streak and will remain volatile due to March derivatives expiry today.

In the global front, Asian market trading lower today taking cues from the overnight U.S. market which closed broadly lower on Tuesday. The Global equity markets declined at the open after a sell-off in technology shares as concerns about government regulation and threats to earnings growth for the industry that propelled last year’s rally dampened sentiment.