Indian markets are likely to open flat tracking global indices and SGX Nifty.
US markets closed higher on Tuesday after a slew of major companies reported
betterthanexpected quarterly results. The SP 500 rose 0.3% to hit intraday and
closing records with financials materials and energy rising more than 1% to lead
advancers. The index closed at 2477. The Dow Jones industrial average rose 100.3
points to close at 21613 with Caterpillar and McDonalds contributing the most
gains. The Nasdaq composite rose just 0.02% but managed intraday and closing
records. The index finished the session at 6412.
The European markets ended Tuesdays session in the green putting an end to a
three session losing streak. Investors were encouraged by the stronger than
expected business confidence data from Germany and by the progress that is being
made in Greece.
Indian markets ended a choppy session on a flat note on Tuesday ahead of the twoday
policy meeting of the Federal Reserve start
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