Technology

Indian markets are expected to open flat with positive bias tracking SGX Nifty.
U.S. stocks closed lower Tuesday but off the session lows hit when one of the Fed
president indicated that September interestrate hike is likely unless there is a
significant deterioration in the economy.
FTSE 100 was down as Standard Life shares were lower by 3.3% after it said that its
annuities business suffered from recent pension reforms.
Markets corrected on profit booking post RBI announced its 3rd biomonthly policy
review. In a volatile trading session Sensex plunged more than 300 points intraday
and Nifty breached 8500 but managed to cut losses in later part of the session.
Index heavyweights Infosys Reliance ITC and HDFC twins dragged the market but
select banks and metals mining stocks supported.

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