Indian markets are likely to open flat tracking global indices and SGX Nifty.
U.S. stocks continued to turn in a strong performance throughout the trading day. The major averages climbed firmly in positive territory offsetting the weakness seen in the previous session. The Dow Jones ended up by 1.2% to close at 24483. The NASDAQ ended up by 1.0% to close at 7140.
U.K. stocks were fluctuating during the last trading session as escalating tensions surrounding Syria and disappointing house price data offset investor excitement over a fresh round of corporate deal making. The FTSE 100 was closed flat to end at 7258.
On domestic front Indian shares rose for a sixth straight session even as overall gains remained limited amid rising oil prices and lingering concerns over a possible U.S. missile strike on Syria. Investors also shrugged off a hawkish tone out of the FOMCs meeting minutes. The BSE Sensex ended up by 0.5% at 34101.Download Full Report