Indian markets are likely to open flat with a negative bias tracking SGX Nifty and
global cues.
US markets moved modestly lower on the last trading session of the year. While
initially the markets saw lows there was some recovery later but the overall markets
closed on a negative territory. Though there was no specific data points traders
seemed to have taken a pause in taking positions ahead of weekend and hence the
weakness in the markets. Most of the European markets ended on a positive note on
the last trading session of the year.
2016 has been an eventful year for the Indian markets. Series of global events and
domestic factors impacted the markets. While there is has been some slow down in
the economic activity during the current quarter on account of demonetization
domestics investors have been positive on the Indian markets as it is expected that
the pent up demand would come back after few quarters. On the last trading
session of the calendar year the Indian m

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