Indian markets are likely to open positive tracking global indices and SGX Nifty.
U.S. stocks ended the day mixed yesterday. An historic milestone for Apple (AAPL) contributed to a substantial advance by the techheavy Nasdaq during trading on Thursday while renewed trade war concerns weighed on some of the other Dow components. The Dow Jones was flat at 25326 and the Nasdaq jumped by 1.2% to 7803.
U.K. shares fell on Thursday ahead of an interest rate decision from the Bank of England with economists expecting a 25 bps hike despite the Brexit risks and significant changes in the external environment. The benchmark FTSE 100 fell by 1% to 7575.
On domestic front Indian shares tumbled yesterday as weak cues from global markets prompted traders to book some profits after recent string of gains. Global markets reeled under selling pressure on fresh trade worries after reports the Trump administration is mulling raising tariffs on Chinese goods. The BSE Sensex fell by 1% to 3Download Full Report