Indian markets are likely to open negative tracking global indices and SGX Nifty.
The U.S. Stocks turned mixed over the course of the trading session on Monday after
an initial move to the upside. The Dow closed at a record Monday as trader reacted
to the news that Senate Republicans narrowly approved a massive tax reform bill
early Saturday morning. However the SP 500 and the NASDAQ finished lower as
largecapitalization technology names took a beating.
The Dow rose 0.2% to close at 24290 but the NASDAQ tumbled 1.1 % to end at
6775 and the SP 500 edged down 0.1 % to finish at 2639.
The FTSE 100 index UKX ended 0.5% higher at 7339.The rally largely supported
by bank shares and the passage of a tax overhaul package in the U.S. Senate also
supported upward move in the index.
Indian Indices pared intraday gains to close largely unchanged on Monday as traders
are caution ahead of RBI monetary policy review and the first phase of Gujarat
elections due this week. The be
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