Indian markets are expected to open positive as the Rajya Sabha has cleared the
GST Constitutional Amendment Bill. The long pending bill is likely to bring renewed
interest in the Indian markets by various investors both domestic as well foreign.
Dow industrials snapped its 7session losing streak on Wednesday and broader
markets logged moderate advance on the back of rebound in crudeoil futures.
However major indexes traded within narrow range in what strategists described as
a typical August market. Dow Jones 0.23% supported by gains in shares of
Goldman Sachs +1.46% and J.P. Morgan +1.59%.
Weaker commodities and property shares dragged FTSE lower offsetting a rally in
banking stocks led by HSBC. FTSE 100 index finished day 0.2% lower. HSBC shares
ended 4.5% higher after the bank surprised investors with a 2.5bn share buyback
announcement. That was despite its reporting 29% fall in pretax profits for the six
months to the end of June.
Equity benchmarks extended l
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