Indian markets are likely to open flat tracking global indices and SGX Nifty.
U.S. stocks moved mostly lower during trading yesterday giving back some ground after trending higher over the past several sessions. The major averages moved to the downside early in the session and remained stuck in the red throughout the day. The Dow Jones fell by 0.5% to 25065 and the Nasdaq was down by 0.4% at 7825.
U.K. stocks recovered from early losses to edge higher yesterday buoyed by a weaker pound after retail sales data fell short of market expectations. Retail sales unexpectedly declined in June but the quarterly growth rate was the fastest since 2015 preliminary data from the Office for National Statistics showed. The benchmark FTSE 100 was up by 0.1% to 7684.
On domestic front Indian shares closed lower on Thursday as caution crept in ahead of the voting on the noconfidence motion moved by the Opposition parties against the Modi government. The Lok Sabha will take up the debaDownload Full Report