Indian markets are likely to open flat tracking global indices and SGX Nifty.
U.S. Stocks came under pressure over the course of the abbreviated trading session on Tuesday. The major averages pulled back off their highs of the session and into negative territory. The pullback by stocks came amid lingering trade concerns as tariffs on billions of dollars worth of U.S. and Chinese goods are set to take effect later this week The Dow Jones was down by 0.5% to 24174 and the Nasdaq fell by 0.9% to 7503.
U.K. stocks were marginally lower on Wednesday as trade war worries persisted and the pound turned higher in reaction to betterthanexpected services sector data. U.K. service sector activity expanded at the fastest pace in eight months in June driven by strong growth in new work survey data from IHS Markit showed raising hopes the Bank of England would raise interest rates sooner than later. The benchmark FTSE 100 dipped by 0.3% to 7533.
On domestic front Indian shares roseDownload Full Report View Full Report in Browser