Indian markets are likely to open flat tracking global indices and SGX Nifty.
U.S. stocks turned in a relatively lackluster performance during trading on Friday despite the choppy trading the Nasdaq hit a new record high and the SP 500 reached its best closing level in five months. The Dow Jones inched up by 0.4% to 25019 and the Nasdaq was flat at 7825.
U.K. stocks were trading higher on the last trading day as China export data topped forecasts and the pound drifted lower against its major opponents after a warning from U.S. President Donald Trump that Prime Minister Theresa Mays current softBrexit proposal with the EU would probably kill any future trade deals with the United States. The benchmark FTSE 100 was flat at 7662.
On domestic front Indian shares fell from a record high to end marginally lower on Friday dragged down by banking and FMCG stocks. The benchmark SP BSE Sensex hit a fresh record high of 36740 in early trade before giving up all gains to end thDownload Full Report