Indian markets are likely to open flat tracking global indices and SGX Nifty.
US Stocks turned in a relatively lackluster performance during trading on Thursday with the major averages ending the day on opposite sides of the unchanged line. Despite the choppy trading the Dow and the SP 500 reached their best closing levels in nearly six months. The Dow climbed higher by 0.6 percent to 26385 while the Nasdaq ended flat at 7892.
U.K. markets ended lower on Thursday snapping four successive days of gains due to concerns about growth after data showed a drop in Germanys factory orders. The FTSE 100 was down by 0.2% to 7402.
On domestic front Indian shares ended notably lower on Thursday after the Reserve Bank of India (RBI) cut its repo rate by 25 bps as widely expected but trimmed the growth and inflation outlook saying the domestic economy is facing headwinds especially on the global front. The benchmark BSE Sensex was ended down by 0.5% to 38685 at the end of tra
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