Indian markets are likely to open flat with positive bias tracking the SGX Nifty.
US stocks moved lower during Tuesdays session as mixed economic data came in.
GDP growth data came in at 1.9 percent against an expectation of 2.1 percent. The
Conference Board stated that its consumer confidence index had climbed to 114.8
in February against an expectation of 110.9. Telecom stocks were weak with the
NYSE Arca North American Telecom Index falling 1.7 percent.
UK stocks had another flat session with the index closing slightly higher. The
homebuilding company Taylor Wimpey advanced 1.12 percent. The homebuilder
saw its 2016 EBT rise by 21 percent as it benefitted from a rising U.K. housing
market. Miner Fresnillo initially fell by 2 percent after lowering its gold production
targets for 2017 but finished the session unchanged.
The Indian indices continued their fall on Tuesday due to concerns over the
upcoming GDP data coming out later in the day. The Capital Goods index was up

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