Indian markets are likely to open flat tracking global indices and SGX Nifty.
U.S. Stocks Close Lower Amid Concerns About Spiking Coronavirus Cases. Extending the trend seen over the past couple sessions stocks turned in a lackluster performance for much of the trading day on Friday before showing a significant move late in the session. The major averages came under pressure in lateday trading closing firmly in negative territory. The Dow down by 0.75 percent to 29263 and the Nasdaq down by 0.42 percent to 11854.
U.K. stocks rose slightly on Friday after U.K. retail sales figures surpassed analysts expectations and health minister Matt Hancock said that coronavirus cases in Britain are starting to flatten as a result of current lockdowns. A weaker pound also offered some support after the chief Brexit negotiators. The benchmark FTSE 100 up by 0.3 per cent to 6351.
Indian shares rose notably on Friday with financials leading the market rally amid sustained foreign fund inflows
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