Indian markets are expected to open positively tracking the SGX Nifty and its Asian
peers.
US stocks closed in the red led by a report from the Federal Reserve which pointed
to a stalled growth in the economy. Further decline in retail major Walmart’s stock
after it gave a gloomy forecast also put pressure on the indices.
European indices closed in the red as slowdown in China continued to weigh on the
investor sentiments. The decline was broadbased with most of the sectors in the pan
European STOXX 600 closing negatively.
Indian markets declined for the third consecutive trading session. Decline in
heavyweights TCS and HUL post the results announcement dragged the overall
indices.
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