Indian markets are likely to open flat tracking the SGX Nifty and Global markets.
After a sharp fall the day before the US markets saw some rebound on Thursday as
bargain buying helped in strength in the index. Though there were still some
volatility in the markets and most of the indices opened on a nervous note major
averages ended the day firmly in positive territory. It seems traders may have felt
yesterdays sell off was overdone. The rebound in the US markets also came
following the release of some upbeat economic data including a report from the
Labor Department showing another unexpected drop in initial jobless claims in the
week ended May 13th.
The European markets declined in the early trades during the day but subsequently
recovered on the back of positive cues from the Wall Street and ended with minor
losses for the day.
Indian markets witnessed sharp selling on Thursday amid pressure in the Global
markets. The uncertainty surrounding U.S President Donald Trum
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