Indian markets are likely to open negative tracking global indices and SGX Nifty.
U.S. Stocks fluctuated over the course of the trading session before ending the day modestly lower. With the drop on the day the Dow closed lower for the fourth consecutive session. The Dow Jones dipped by 0.1 percent to 24448 the Nasdaq fell by 0.3 percent to 7128.
U.K. stocks were fluctuating in lackluster trade as investors kept an eye on U.S. bond yields and tracked the pound which hit a twoweek low against the dollar following comments from the Bank of England Governor Mark Carney that market expectations over the possibility of a rate hike in May were overblown. The FTSE 100 was up by 0.5% to end at 7398.
On domestic front Indian shares closed modestly higher with IT bellwether TCS creating history by becoming the first Indian listed company to hit the coveted 100 billion mcap figure after saying it doesnt believe in sacrificing profitability to drive growth. The BSE Sensex wasDownload Full Report