Indian markets are likely to start off on a positive note today tracking SGX nifty and
global cues.
Following the strength seen in the previous session US markets saw some further
upside during trading on Friday. With the continued upward move the major
averages once again ended the session at new record closing highs. The continued
strength on Wall Street reflected renewed optimism about corporate tax reform
under President Donald Trump.
The majority of the European markets ended Fridays session with modest gains
extending their gains from the previous three sessions. Earnings remained in focus at
the end of the trading week but sentiment also received a boost from positive data
out of both the U.K. and China. The Chinese data sparked a jump in shares of
European mining stocks.
Indian Market ended on a flat note on Friday even as IT stocks posted widespread
gains for the second day running. Investor sentiment remained cautious ahead of IIP
numbers for December.
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