Indian markets are expected to open flat tracking SGX Nifty.
US market closed mixed on Wednesday with Dowjones closing up by 24 points while
the NASDAQ closed down by 17 points. After posting strong gains in the past few
trading sessions lack of any major announcement or economic data left the
markets direction less.
European shares remained weak as investors stayed away from taking positions
ahead of crucial meeting by Bank Of England where the apex bank will take the
decision regarding the future interest rates.
Indian markets remained flat on Wednesday and lacked direction. Though ONGC
gained after news of staggered hike in Kerosene prices the gain was negated by
weakness in banking stocks and other large stocks like Ultrtaech Power grid and
BPCL etc which saw selling pressure.
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