Indian markets are likely to open flat with a negative bias tracking SGX Niftyand
global indices but could remain under pressure during the day.
The US markets ended the day with sharp selling. Though markets were off from
day’s low the technology heavy NASADQ posted a bigger loss than Dow Jones.
Financials and Banking stocks witnessed strong buying while technology and
semiconductor companies were under selling pressure. In economic news the
commerce department released a report showing stronger than previously estimated
US economic growth in the first quarter. The European markets started the day on
positive bias but closed on a weak note
After witnessing selling pressure in the previous three trading sessions the Indian
markets started the day with a positive not and gained further strength by mid day.
However most of the gains were earned by the end of the day and the broader
indices ended almost flat with a marginal gain. FO expiry together with nearing of
GST impl
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