Indian markets are likely to open Negative tracking global indices and SGX Nifty.
The SP 500 and the Dow on Wednesday posted their biggest oneday declines in
more than seven weeks on a string of disappointing earnings even as the stock
market pared early losses. Profit taking could also be the trigger for to the weakness
on Wall Street after the Dow climbed to a new record closing high in the previous
session. The SP500 dropped 0.5% to close at 2557 The Dow Jones Industrial
Average fell 0.48% to end at 23329. NASDAQ shed 0.5% to finish at 6564.
UK Stocks closed lower after a stronger than expected reading on the British
economic growth drove the pound up against the US dollar and the Euro. The FTSE
100 index UKX fell 1.1% to end at 7447.
On domestic Front India shares rose sharply to hit fresh record high on Wednesday
as PSU Banking stocks surged on hopes that the `2.11 lakh cr recapitalization plan
expected to be cash neutral exercise for the government will imp
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