Indian markets are likely to open positive tracking global indices and SGX Nifty.
U.S. stocks market rose slightly on Tuesday the final trading day of the month and
posted another solid monthly gain. The modest strength on Wall Street partly
reflected a positive reaction to the latest batch of earnings news with Kellogg (K)
and Mondelez (MDLZ) posting notable gains after reporting better than expected
third quarter results.
Earnings season continued to shake up sentiment on the second trading day of the
week. The majority of the European markets are set to end Tuesdays session with
modest gains. Trading activity was on the light side due to a public holiday in
Germany. Investors also remain in a cautious mood ahead of tomorrows policy
decision by the Federal Reserve and Thursdays announcement from the Bank of
England.
Indian markets ended modestly lower on Tuesday as investors booked profits in
recent outperformers following overnight weakness on Wall Street and a subd
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