Indian markets are likely to open negative tracking global indices and SGX Nifty.
U.S. markets closed mixed on Thursday after the technology sector rolled over. The
Nasdaq composite closed 0.6% lower at 2475 and fell more than 1% earlier in the
session. The SP 500 also closed lower at 6382 slipping 0.1% as tech stocks
dropped 0.8% to lead decliners. The tech sector had notched an intraday record
earlier in the session along with the Nasdaq and the SP.
The European markets fluctuated between small gains and losses over the course of
Thursdays session and ended the day with mixed results. Investors were confronted
by a high volume of corporate earnings reports the results of which proved mixed.
India markets retreated from record highs to end on a flat note on Thursday as
losses in the telecom healthcare and IT sectors offset strong gains among financials.
The benchmark BSE Sensex ended little changed at 32383 after climbing over 290
points to hit a fresh high of 32
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