Indian markets are expected to open on a negative note tracking the SGX Nifty and Asian markets.
U.S. markets like most Global markets were closed on Friday (New Year). In earlier session the US markets had ended on a negative note mainly due to disappointing economic data which showed that initial jobless claims jumped to 287000 representing an increase of 20000 from the previous weeks number. Economists were expecting claims to be at 270000.
All European markets too were closed for the start of the New Year. Most European markets were closed on 31st December while the ones that were open saw limited action.
Indian markets ended Fridays session on a flat note owing to lack of directional cues from global markets and amid the release of disappointing core sector output data.

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