Indian markets are likely to open with a positive bias tracking the SGX Nifty.
US stocks fell as investors reduced positions ahead of the interest rate decision by the Federal Reserve. Analysts expect the Federal Reserve to hike interest rates but remain uncertain over the outlook for further tightening of interest rates. The energy sector remained weak as crude oil prices continued to slip lower.
UK stocks closed slightly negative in spite of an upward revision in Q4CY16 GDP data as uncertainty remains over the upcoming Dutch parliamentary elections. GDP was forecast to expand 1.4 percent instead of 1.1 percent in CY17. However the projection for 2018 was reduced to 1.3 percent from 1.4 percent.
Indian markets closed at an alltime high on Monday as markets cheered the election results. Most stock indices closed in positive territory with the Infra index being the biggest gainer. The Nifty Infra index closed up 2.09 percent on expectations of future government spending on infrast
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