Technology

Indian markets are likely to open flat and may trade in positive zone tracking the
SGX Nifty and Asian markets.
After reaching record intraday highs early in the session US markets gave back
some ground over the course of the trading day on Friday. The techheavy Nasdaq
pulled back firmly into negative territory but the Dow managed to close in positive
territory. The sharp pullback seen by the Nasdaq came as traders cashed in on
some of the recent strength among technology stocks.
The European markets ended Fridays session with modest gains. Investors were
largely able to shrug off the inconclusive results of the U.K. election. A drop in the
value of the British pound provided a boost to the FTSE 100.
Indian markets recouped early losses to finish marginally higher on Friday after
global markets took the inconclusive U.K. election result as well as former FBI
Director James Comeys Senate testimony in their stride.

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