Indian markets are likely to open flat tracking global indices and SGX Nifty.
US stocks turned mixed in afternoon during the last trading session. While the Dow and the SP 500 managed to end the day in positive territory the techheavy Nasdaq edged modestly lower. The Dow Jones ended on an upside front of 0.7% to close at 24962 and the Nasdaq Composite edged down to 0.1% to 7210.
U.K. shares fell during the last trading session as the latest Federal Reserve meeting minutes rekindled fears of inflation and higher interest rates and a government report showed the U.K. economy expanded by 0.4 percent in the fourth quarter down from the 0.5 percent preliminary estimate released last month. The FTSE 100 was ended on a downside front of 0.4% at 7252.
On domestic front Indian shares closed marginally lower as the latest Federal Reserve meeting minutes rekindled fears of inflation and higher interest rates and the minutes of the RBIs latest policy meeting showed increased concDownload Full Report