Indian markets are expected to open on a negative note tracking the SGX Nifty and
weak global cues.
US indices ended in red extending the selloff seen in the previous session. The
weakness on Wall Street came on release of a batch of disappointing U.S. economic
data as well as a negative reaction to some of the latest earnings disappointments
from bigname companies such as oil giant Chevron (CVX).
The European markets ended solidly in negative territory as the investor sentiment
took a hit led by sharp selloff on Wall Street and weak Asian markets. Further the
Bank of Japan decision to refrain from adding stimulus measures and
disappointing US GDP data also added to the negative sentiment.
Indian shares ended on a flat note after steep losses in the previous session. While
global cues remained negative in view of a stronger yen and the release of
disappointing U.S. GDP data Indian markets managed to erase early losses after
hitting a twoweek low earlier in the day.
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