Technology

Indian markets are likely to open flat with a negative bias tracking SGX Nifty.
US markets ended down on Monday. The confusion created by the travel ban
imposed by the Donald Trump administration continued to create panic among
investors as they were worried about the coming policies by the new Govt.
The European markets closed on nervous note ending down As concern over U.S
President Donald Trump decision to put travel restrictions weighed on investor
sentiment. Banks and commodity related stocks were under pressure amid
uncertainty over U.S policy on trade and the economy under the new President.
Indian markets remained range bound for most period of the day on Monday. The
markets have already seen some rally ahead of budget and it seems investors and
traders are in wait and watch mode and further direction should emerge post
budget.

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