Indian markets are likely to open in flat tracking global indices and SGX Nifty.
U.S. markets closed higher on Tuesday building on strong gains from their previous
session. The strength on Wall Street reflected recent upward momentum as trader
seems optimistic about the economic outlook and the prospects for Republican tax
reform.
The European markets were stuck in a sideways trend throughout Tuesdays session.
Following eight straight days of gains the markets struggled to move further to the
upside due to a lack of significant news. Economic data was on the light side and
the DAX of Germany was closed for a holiday.
Indian markets rose notably on Tuesday as top automaker reported strong monthly
sales figures for September and survey figures from IHS Markit showed Indias
manufacturing activity logged a sustained expansion in September underpinned by
increases in both output and new order.
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