Indian markets are likely to open flat tracking global indices and SGX Nifty.
U.S. Stocks showed a lack of direction over the course of the trading day on Tuesday. Despite the choppy trading the techheavy Nasdaq reached another new record closing high. The Dow Jones edged down by 0.1% to 24800 and the Nasdaq climbed up by 0.4% to 7638.
U.K. stocks fell on the last trading day as the pound rose sharply against the dollar and euro in response to the latest IHS Markit services data showing that British service sector activity expanded at the fastest pace in three months in May. Investors also awaited the governments decision on the proposed takeover of Sky by 21st Century Fox The benchmark FTSE 100 was up by 0.7% at 7687.
On domestic front Indian shares fell for a second consecutive session on Tuesday as services sector data disappointed and investors adopted a cautious stance ahead of the Reserve Bank of Indias monetary policy statement due Wednesday. Indias service sectorDownload Full Report View Full Report in Browser