Technology

Indian markets are likely to open flat tracking global indices and SGX Nifty.
After moving higher over the two previous sessions stocks showed a lack of
direction throughout the trading session and the US markets ended the day with a
marginal gain. The major averages spent the day bouncing back and forth across
unchanged line. The choppy trading on Wall Street came as traders expressed some
uncertainty about the near term outlook for the markets following the recent
strength.
The European markets ended Wednesdays session with mixed results but were little
unchanged overall. Traders were cautious ahead of Thursdays policy decision from
the Bank Of England. Investors are also keeping an eye on the progress on US
President Donald Trumps tax reform bill.
Indian markets ended on a choppy note on Wednesday after the news of higher
retail inflation and lower IIP data. Industrial production grew by a subdued 1.2% as
against 4.5% growth in July. However the overall sentiment in t

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