Indian markets are expected to open on a Flat note tracking the SGX Nifty and Global markets.
US markets extended the downfall seen over the past several sessions as selloff in
Chinese markets continued to haunt global markets. The lower Yuan fix resulted in
trading being stopped for the second time in four days.
European markets followed the Asian markets and posted losses as Chinas Yuan
depreciation led to sell off in Chinese markets. However the markets ended off their
session lows after news broke that China had suspended the circuit breakers to halt
panic and allow a full session of trading.
Indian markets continued the slide for fourth consecutive trading session yesterday
as China accelerated the Yuan depreciation and weakness in crude oil prices
weighted on sentiments.
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