Indian markets are expected to open flat to negative tracking the SGX Nifty and
global cues.
The US markets ended flat following the substantial rally seen in the previous session
as stocks showed a lack of direction throughout the trading day. The choppy trading
on Wall Street came as traders took a breather on the heels of the volatility seen
over the past few sessions. The rally seen in the previous session extended the strong
upward move seen on Monday offsetting nearly the pullback seen last week.
The European markets ended on a positive note. The markets moved higher in the
early trade reacting to the minutes from the recent Federal Reserve meeting which
were released after the European close on Wednesday. Meanwhile the ECB minutes
released today suggest that further stimulus measures are likely.
Indian shares followed global cues rising by 1.4% after various Fed officials signaled
confidence in the world largest economy and the October FOMC minutes showed
“most”
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