Indian markets are expected to open in the red tracking the SGX Nifty and Asian markets.
US markets closed in the red due to some late selling pressure after choppy trading on account of mixed economic data. While US personal income and consumer spending inched up marginally both were lower than expected. US consumer sentiment too inched up in October but missed expectations.
European markets also closed on a negative note led by weak economic data. Despite the stimulus Eurozone consumer prices remained flat in October. Eurozone unemployment too remained high despite a marginal decline.
The Indian markets fell for the fifth straight session led by uncertainty over the outcome of Bihar elections and disappointing earnings from majors LT and ITC.
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