Indian markets are expected to open on a Negative note tracking the SGX Nifty and
Asian markets.
US markets ended yesterdays session on a negative note after giving away its early
gains. The volatility continued as the price of crude oil showed wild swings during
the day. Oil prices initially increased on reports that indicated that there was an
unexpected decline in crude oil inventories. However oil prices pulled back as the
report also showed increase in gasoline and distillate fuel inventories as well as
record high inventories at a key delivery points.
The European markets ended Wednesdays session in the green as strong rebound
in bank stocks propelled the market higher. Investors kept a close eye on QA
portion of Federal Reserve Chair Janet Yellens testimony before the House Financial
Services Committee.
Indian markets followed their Asian peers with Bank stocks facing selling pressure.
PSU banks suffered after several stateowned banks reported huge losses on
a
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