Indian markets are expected to open on a negative note tracking the SGX Nifty and
weak global cues.
US markets ended lackluster with Down Jones marginally declining while Nasdaq
posted minor gains. Traders remained on sidelines as no major economic data were
to be announced ahead during the day. The ongoing weeks lack any major
economic data and hence participation levels seemed lower.
The European markets ended higher and rebounded from a months low level as oil
prices climbed and reading on German factory orders and Eurozone investor
confidence beating estimates. As a result the German Index DAX reported strong
gain of 1.12%.
Indian markets reported strong gain with Sensex rising by 460 points on Monday
backed by strong global cues as oil prices picked up. Weak job data in the US
overnight fuelled the hope that US fed might postpone its rate hike in June. FII
turned positive buyers in the domestic market as risk adverse investors took buying
interest. A delayed rate ris
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