Indian markets are expected to open in red tracking SGX Nifty.
US markets corrected on account of selloff seen across materials and energy
companies which were impacted by continued fall in the oil and metal prices. On
Friday Amazon surprised the street by reporting profit and Biogen stock plunged
22% after posting poor earnings and lowering of guidance numbers for 2015.
U.K. stocks were slammed on Friday with mining shares hit hard and Diageo Plc
shares correcting on the news of U.S. regulatory investigation in to the liquor maker.
Days top gainer on FTSE 100 was Vodafone Plc after it said its seeing continued
recovery in its key European markets even as quarterly revenue fell.
Markets continued their downward trend with a loss of over half a percent on Friday. Correction across Auto Banking and Capgood stocks pulled down the broader indices.
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