Technology

Indian markets are likely to open flat tracking global indices and SGX Nifty.

U.S. stocks turned in a lackluster performance during trading on Monday. The major averages showed a lack of direction spending the day bouncing back and forth across the unchanged line. The Dow Jones inched up by 0.2% to 25064 and the Nasdaq was dropped down by 0.3% to 7805.

U.K. stocks were modestly lower during the last trading day as trade worries lingered and a raft of Chinese data proved to be a mixed bag. The benchmark FTSE 100 was down by 0.2% to 7647.

On domestic front Indian shares fell notably with pharma stocks coming under heavy selling pressure after a U.S. district court granted a preliminary injunction against Dr. Reddys Laboratories on generic (buprenorphine and naloxone) sublingual film. The BSE Sensex was dropped down by 0.6% to 36324.

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