Indian markets are likely to open weak tracking global indices and SGX Nifty.
U.S. markets had another day of weak trading and ended with modest loss. Though
the selling pressure was subdued investors remained wary of the ongoing
geopolitical tension. News that North Korea is planning to strike the US territory of
Guam came as a point of worry for investors. Markets could remain under pressure
in the near term.
The European markets ended sharply lower on Wednesday as investors fled to safe
heaven due to the growing tension between the USA and North Korea.
Indian markets continued to trade weak on Wednesday and ended with losses.
Global markets remained weak due to on going geopolitical tension between US
and North Korea. The standoff between India and China on Doklam also seems
weighed on the markets. Though sharp corrections in the Indian market is not
expected volatility could persist in the near term.
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