Indian markets are likely to open flat tracking global indices and SGX Nifty.
U.S. Stocks showed a notable move to the upside during the trading day on Wednesday after ending the previous session roughly flat. The strength on Wall Street was partly due to a sharp increase by the price of crude oil following President Donald Trumps decision to withdraw from the Iran nuclear deal. The Dow Jones rose to 24543 and the Nasdaq was up by %1 to 7340
U.K. shares rose notably on Wednesday as rallying oil prices helped lift energy stocks and investors remained hopeful that the Iran nuclear deal will remain partially intact even without the United States. The benchmark FTSE 100 was up 1.3% at 7663.
On domestic front Indian shares eked out modest gains on Wednesday as investors remained hopeful that the Iran nuclear deal will remain partially intact even without the United States. The broader sentiment was not affected after China Russia Germany France and the U.K. said they wouldDownload Full Report