1. I see mostly, India markets are in-line with Chinese markets though other Markets are inclusive in Asian Markets – Why?
2. Also, European and US markets how does it impact Indian Market.
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Hi,
Indian equity markets are linked with all other global indices, for example, Nifty having all kinds of sectors and many of them are dependent on other countries for their business, import, export and soo on… For example, the majority of Automotive companies are depending on the US and China While the majority of IT companies are based on Europe and the US countries.
Indian market morning sessions driven by Asian Markets because the Indian market opens at 9:15 am, by that time other Asian markets like Nikkei, Hang Seng, and Shanghai are already open. Thus, these markets determine early morning moves for the Indian market. Meanwhile, the afternoon session is driven by the European market because of the opening time of the European market.
While the USA markets open approximately around 7:30 PM IST, and they get closed by 2:30 AM IST. So, any variations occurred during this moment will have impact on Asian markets followed by Indian markets too.
Thanks Naresh for the details.