Indian markets are likely to start off on a soft note today taking a breather from the
twoday postBudget rally.
US markets showed a lack of direction throughout much of the trading session on
Thursday after recovering from an early move to the downside. The major averages
spent the day bouncing back and forth across the unaffected lines.
UK stocks closed up after the Bank of England left its interest rate unchanged and
announced no changes to its stimulus program. UK lawmakers gave a majority vote
allowing the prime minister to formally trigger Article 50 to seperate Britain from the
EU. Among the big movers the consumer goods company Reckitt Benckiser Group
rallied 4.08 percent on news that the company that it is in talks to buy baby food
maker Mead Johnson Nutrition for 16.7bln. Vodafone closed down about 1
percent on slower earnings growth due to intense competition in its Indian business.
After reacting strongly to the budget announcements Indian markets consolidat
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