Technology

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

U.S. stock moved sharply lower over the course of the trading day on Friday following the lackluster performance in the previous session. The Dow and the SP 500 tumbled to their lowest closing levels in seven and eight months respectively. The Dow plunged by 2 percent to 24101 while Nasdaq nosedived by 2.3 percent to 6911.

U.K. shares slid on Friday mirroring the trend across Europe due to rising concerns about global growth after the latest batch of economic data from China fell way short of expectations. The benchmark FTSE 100 was down by 0.5% to 6845.

On domestic front Indian shares ended marginally higher after a choppy session on Friday. The mood was largely cautious due to weakness in Asian and European markets amid rising concerns over global economic growth. During the last trading session the BSE Sensex inched up by 0.1% to 35962.

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