Technology

Indian markets are likely to open positive tracking SGX Nifty. With dust settling over
the curb on black money by Govt and US election results getting over Indian
markets is likely to start focusing on domestic issues.
The Govts move to demonetize the Rs500 and Rs1000 currency notes took the
Indian markets by surprise and all major indices opened sharp down. This together
with the US presidential election also weighed high on the markets. However as the
day progressed bargain hunting lifted the markets up from its days low.
While a win by Donald Trump was considered by negative by large global
institutional investors post election results global markets have stabilized and the US
markets have rather jumped up. Other global markets like Europe also closed
strongly with FTSE closing up 1% and DAX closing 1.6%.

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