Indian markets are expected to open in red tracking SGX Nifty and Asian peers.
The increased prospect that 6years of nearzero U.S. borrowing costs may soon be
brought to an end rippled through global markets as companies hurt most by the
stronger dollar led a selloff in American equities. U.S. stocks opened lower and soon
proceeded to extend losses with Dow Jones industrial average falling as much as
242pts at its session lows before recovering ahead of the close.
European markets pulled back on first day of new trading week. Investor sentiment
was weak as Chinese trade data was disappointing and OECD decided to slash its
outlook for next year. Traders are keeping close eye on worrisome developments
within Europe from Greece and Portugal. Eurozone ministers refused to release 2bn
euro tranche of loans to Greece after they failed to reach agreement on several
reforms.
Indian markets opened 2.3% down after BJP suffered surprise defeat in Bihar state
elections raising
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