Indian market is expected to open on a negative note tracking the SGX Nifty.
The Dow Jones Industrial Average bucked the broader market’s weakness on Thursday to close at a record high even as largecap technology stocks weighed down the Nasdaq Composite index for a second straight session. The Dow rose 0.4% to close at 19192 after touching an intraday high of 19214. The data released in US was mixed but pointed to continued growth in the labor market and manufacturing. The ISM manufacturing index rose to 53.2% in November from 51.9% in October. Meanwhile Markit’s November final PMI index was at 54.1 compared with 53.4 in October.
A rising pound and worries about inflation picking up cut down U.K. markets on Thursday but energy companies continued to get a lift from OPEC’s deal to cut oil production. The FTSE 100 index fell 0.5% to close at 6753 but gains for commodity and financial shares helped the index to pare a potential loss of 1%.
In a volatile trade yesterday Indian
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