Indian markets are likely to open positive tracking global indices and SGX Nifty.
U.S. stocks continued to remain directionless ahead of the Federal Reserve monetary policy meeting on Wednesday. Investors stayed on the sidelines as earnings from major financial institutions and major economic data are expected in the next few days.
UK stocks posted a gain for the session as the pound rallied strongly. UK PM Theresa May said that if talks with the EU fail then they would prepare for a ‘no deal’
Brexit. British industrial production grew 0.2 percent MoM in August. This is the
fifth successive monthly rise for industrial production.
Indian Markets closed in positive territory as expectations regarding second quarter
results helped market sentiment. The IT index posted gains for the session and
closed up 0.7 percent. The FMCG index closed slightly down by 0.2 percent on news
that GST rollout might depress Q2 earnings for the sector
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