Indian markets are likely to open flat tracking global indices and SGX Nifty.
U.S. stocks closed flat for another session as most financial and government institutions were closed for Columbus day. On Wednesday the Federal Reserve would be releasing the minutes of its latest monetary policy meeting. Major banks like Citigroup JPMorgan Chase Bank of America and Wells Fargo are expected to report their quarterly results later this week.
UK stocks posted a slight decline as disappointing economic data from from China
pulled mining stocks lower. Anglo American Rio Tinto and Glencore fell by 3.4 2.2
and 1.3 percent respectively. A survey by payment services provider Visa showed that UK consumer spending had declined in September after a gain in Augustindicating weakness in the economy.
Indian Markets had a flat session after initially opening positive for the day. The GST council lowered taxes on 27 items. The biggest gainer for the session was the Consumer Durables index whi
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