Technology

Indian markets are likely to open flat tracking global indices and SGX Nifty.
U.S. stocks retreated from record territory Wednesday as technology stocks came
under pressure. The NASDAQ and the SP 500 pulled back into negative territory
the Dow reached a new record closing high. The Dow rose 0.2% to end at 26252
while the NASDAQ slid 0.6% to close at 7415 and the SP 500 edged down 0.1%
to 2838.
U.K. stocks slumped on Wednesday; the selling pressure was high in big
multinationals stock as a rally in the pound spooked investors out of companies that
generate most of their revenue abroad. The FTSE 100 dropped 1.1% to end at
7643.
On domestic front Indian indices traded in small range on Wednesday selling
pressure in telecom and metal stock along with January expiry due on Thursday kept
market directionless. The Sensex closed higher by 0.06% to close at 36162 while
the Nifty index inched up 0.02% to finish at 11086.

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