Indian markets are likely to open negative tracking global indices and SGX Nifty.
U.S. Stocks surged on Monday morning following news that the U.S. and China will refrain from new tariffs that may have sparked a trade war. To meet the growing consumption needs of the Chinese people and the need for highquality economic development China will significantly increase purchases of United States goods and services. The Dow Jones increased by 1.3% to 25013 and the Nasdaq was up by 0.5% to 7394.
U.K. stocks rose sharply yesterday to approach a record high as investors cheered the outcome of trade negotiations between the United States and China. The two sides have agreed to put the trade war on hold and set up a framework for addressing trade imbalances in the future. The benchmark FTSE 100 was up by 1% at 7859.
On domestic front Indian shares fell sharply on Monday as concerns over rising oil prices a fractured mandate in Karnataka and renewed selling by foreign funds amid hiDownload Full Report