Indian markets are likely to open flat tracking global indices and SGX Nifty.
US stocks showing a strong move to the upside in last trading session stocks remained firmly positive throughout the afternoon. With the upward move the major averages once again climbed to new record closing highs. The Dow Jones jumped to 0.9% to close at 25803 and the Nasdaq Composite edged up to 0.7% to 7261.
U.K. shares were lackluster after construction and support services firm Carillion; they have filed for compulsory liquidation with immediate effect. The FTSE 100 was down by 0.1% to close at 7769.
On domestic front Indian shares rose sharply to close at fresh record highs with firm cues from global markets and strong industrial output data boosting sentiment. The Sensex ended on an upside front of 0.7% at 34844 while the Nifty ended at 10742 with an upside of 0.6%.Download Full Report View Full Report in Browser