Indian markets are likely to open in red and remain in negative zone tracking SGX
Nifty and Asian indices.
US stocks markets have shown a lack of direction over the course of the trading
session on Monday with the major averages spending much of the day hugging the
unchanged line. The choppy trading on Wall Street comes as traders seem reluctant
to make significant moves ahead of the release of earnings news from a number of
bigname companies.
The European markets ended the first session of the new trading week with mixed
results. After enduring a choppy trading session the markets finished little changed
overall. Mining stocks were among the best performers following the release of the
better than expected Chinese GDP report.
Indian markets logged modest gains on Monday to hit fresh record closing highs as
weak U.S. inflation and retail sales data dimmed prospects of more Fed rate hikes
this year and Chinese GDP figures topped forecasts.
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