Technology

Indian markets are likely to open flat tracking global indices and SGX Nifty. US stocks showed a substantial move back to the downside during trading on Friday. With the selloff on the day the Dow dropped to a fourmonth closing low while the Nasdaq and the SP 500 hit their lowest closing levels in well over two months. The Dow tumbled 1.4 percent to 24815 and the Nasdaq plunged 1.5
percent to 7453. U.K. stocks fell on Friday as weak manufacturing data from China as well as the latest announcement of U.S. tariffs on Mexico raised fresh concerns about the global
growth outlook. FTSE 100 was down by 1.1 percent at 7144. On domestic front Indian shares hit record highs in early trade Friday before reversing direction to end modestly lower on the back of weak global cues. The
benchmark BSE Sensex was down by 0.3 percent to 39714.

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