Indian markets are likely to open flat tracking global indices and SGX Nifty.
U.S. markets gained modestly on Monday on top of marginal gain on Friday and closed on record high for the Dow Jones for the ninth consecutive trading session. Fridays better than job data continued to have a positive impact on the markets and the tech heavy Nasdaq closed on a better gain than other indices. Traders might look forward for next monetary policy action before taking next course of action.
The European markets ended on a mixed note. A survey result from think tank Sentix showed that investor confidence in the Eurozone declined for the straight month in August to lowest level in three months. The headline index dropped to 27.7 from 28.3 in July. German Industrial output also fell unexpectedly by 1.1% MoM in June in contrast to a 1.2% rie in May.
Indian markets traded in a narrow range throughout the day and ended with a marginal loss. Selective banking stocks witnessed buying and Tata Steel cl
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