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Indian markets are expected to open in the red tracking the SGX Nifty and Asian peers. U.S. markets added to the losses of the previous session as profit booking continued after the three day rally witnessed earlier in the week. A continued decrease by the price of crude oil also weighed on stocks. European markets also closed in the red as traders took profits after the rally post the Feds decision. Most Asian markets also ended the day in the red after the Bank of Japans policy decision. Indian shares took a beating after the government lowered its GDP growth projection for the current year. Indias GDP is likely to grow 77.5% in the fiscal year 201516 lower than the earlier 8.18.5% estimate according to the midyear economic review.Download Full Report