Indian markets are likely to open flat tracking global indices and SGX Nifty.
U.S. stocks extended gains Friday with major indexes closing at records after the
Senate passed a budget blueprint for the next fiscal year paving the way for the tax
cuts some investors believe is vital to keeping the bull market alive. The Dow Jones
Industrial Average DJIA rallies 0.7% to 23329 for a weekly gain of 2%. The SP
500 SPX gained 0.5% to close at 2575 rising 0.9% for the week. The Nasdaq
Composite COMP rose 0.4% to end at 6629 adding 0.4% on the week.
U.K. stocks significantly trimmed their gains and closed only marginally higher on
Friday weighed by a rise in the pound after a more positive tone came out of the EU
summit in Brussels seen as moving Brexit talks along. The FTSE 100 index UKX
ended 0.19 points higher at 7523.
Samvat 2074 began on a tepid note on Thursday as losses in the banking sector
pulled benchmark indexes Sensex and Nifty lower in a special Muhara
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