Technology

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

The US stocks pulled back sharply in the final hour of trading on Wednesday. The techheavy Nasdaq showed a particularly steep drop while the Dow managed to cling to a modest gain. The Dow jumped inched up 0.1 percent to 28032 while the Nasdaq plunged 1.3 percent to 11050.

UK stocks were turning in a mixed performance in early afternoon trades on Wednesday with investors largely making cautious moves ahead of the Federal Reserves monetary policy announcement. The FTSE 100 was down by 0.4 percent to 6078.

On domestic front the Indian stock market is modestly higher Wednesday morning with investors largely making cautious moves in early trades reacting to quarterly earnings reports and looking ahead to the Federal Reserves monetary policy announcement due later today. The benchmark BSE Sensex was was up by 0.7 percent to 39302.

Download Full Report View Full Report in Browser