Indian markets are likely to open flat tracking global indices and SGX Nifty.
U.S. stocks turned mixed over the course of the trading session on Wednesday. The Dow and the SP 500 pulled back into negative territory while the Nasdaq added to yesterdays gains. The Dow Jones was down by 0.3% to 25334 and the Nasdaq increased by 0.5% to 7707.
U.K. shares tumbled yesterday as weak manufacturing data from China pulled down miners and survey data from IHS Markit and Chartered Institute of Procurement Supply showed the U.K. manufacturing sector expanded at the slowest pace in three months in July. The benchmark FTSE 100 declined by 1.2% to 7653.
On domestic front Indian shares gave up early gains to end slightly lower on Wednesday after manufacturing data disappointed and the RBI hiked the repo rate by 25 basis points amid growing inflation concerns due to hikes in minimum support prices for kharif crops. The BSE Sensex dipped by 0.2% to 37522.Download Full Report