Indian markets are expected to open flat tracking the SGX Nifty.
US stock indices Nasdaq and Dow made record closing highs on Tuesday as
investors shrugged off geopolitical concerns from Asia. Most sectoral indices closed
modestly upwards. Steel stocks revived and covered their losses to as the NYSE Arca
Steel Index closed up 2.3 percent. US financials and banks also had a strong
session. The NYSE Arca Broker/Dealer Index and the Dow Jones Banks Index closed
up by 1.6 percent and 1.5 percent respectively.
The FTSE 100 had a positive session that saw it close at a two month high. Carnival
was one of the biggest gainers after rising by about 3 percent after it reported a
good quarter. Lloyds bank shares rose 2% on news that it had bought MBNA Ltd. a
credit card firm. Barclays and Royal Bank of Scotland also gained 0.47 percent and
1.43 percent respectively.
Indian markets continued its fall for the fifth straight session on Tuesday as FII selling
resumed. Rising geopolitic
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