Indian markets are likely to open flat tracking global indices and SGX Nifty.
U.S. stocks fluctuated over the course of the trading day on Tuesday extending the volatile performance seen in the previous session. The major averages spent the session bouncing back and forth across the unchanged line before closing mixed for the second straight day. While the Dow Jones fell by 0.2% to 26430 the Nasdaq was flat at 7738.
U.K. shares were little changed yesterday even as higher metal and crude prices helped lift commodityrelated stocks. Brexit worries persisted with the Confederation of Business Industry demanding that Philip Hammond use the budget on 29 October to bolster investment by £3.5 billion to tackle Brexit uncertainty. The benchmark FTSE 100 inched up by 0.1% to 7238.
On domestic front Indian shares closed lower on Tuesday as oil prices resumed their climb and the rupee gave up all early gains to hit a fresh record low of 74.27 in the afternoon raising concerns aboDownload Full Report