Indian markets are expected to open flat tracking SGX Nifty.
US markets fell on the trifecta of disappointing technology sector earnings led by Apple. Tech heavy Nasdaq was hit the most down 0.7%. Apple Microsoft and Yahoo all reported their quarterly earnings which were disappointing.
European markets also fell pulling back their recent gains. U.K. stocks dropped on
Wednesday tracking European and Asian equity markets as investors fret over
corporate earnings and the continued weakness in commodity prices.
Recouping previous 2 trading session losses broader Indian indices witnessed strong performance on Wednesday. Pull back across Banking and Oil Gas stocks led to such strong performance.
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