Indian markets are likely to open negative tracking global indices and SGX Nifty.
The US stocks climbed to new record intraday highs in morning trading on
Wednesday but gave back some ground over the course of the session. The major
averages pulled back well off their best levels, although the Dow and the S&P 500
still ended the session at new record closing highs. The Dow climbed percent to
29,030 while the Nasdaq remained flat at 9,251.
UK stocks edged up slightly on Wednesday even as trade optimism appears to be
waning after a top U.S. official said tariffs on China would stay until a Phase 2 deal
is completed.The benchmark FTSE 100 was up by 0.2 percent to 7,629.
On domestic front, Indian markets ended lower on Wednesday after hitting record
highs in the previous two sessions. The benchmark, BSE Sensex was down by 0.2
percent to 41,872.
Wholesale inflation rises to 7-month high of 2.59% on costlier vegetables
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