Indian markets are expected to open flat tracking SGX Nifty.
U.S. markets added to recent gains during trading on Monday although buying
interest was somewhat subdued throughout the session. The upward move lifted the
Dow and the SP 500 to new record closing highs while the Nasdaq reached its
best levels of 2016.
The European markets got off to a positive start Monday. Early gains were driven by
the takeover of British chip maker ARM Holdings and the failed coup attempt in
Turkey. However the markets reversed after Bank of England policymaker Martin
Weale said there is little urgency to cut interest rates. The markets ended the choppy
trading session with mixed results.
Indian markets erased early gains to end slightly lower on Monday with mixed
global cues.
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