Technology

Indian markets are expected to open on a Negative note tracking the SGX Nifty and
most Global markets.
US markets closed in the negative zone after showing falling in the yesterdays early
trading session. Weakness was on the back of resource and energy stocks coming
under pressure amid notable decline in commodities and oil prices. Selling pressure
was also generated by concerns about the outlook for monetary policy ahead of next
weeks Federal Reserve meeting.
Sparked by European Central Bank President Mario Draghis dovish comments on
Friday European markets rallied in early trade yesterday. However the markets
pulled back on account of decline in oil prices and weaker opening in the US
markets.
Indian market continued to slide for the fourth day as foreign fund selling amid
growing fears over the interest rate hike in the U.S. this month kept investors
nervous.

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