Indian markets are likely to open flat tracking global indices and SGX Nifty.
U.S. markets had another mixed session as investors awaited the Labor Departments
monthly jobs report on Friday. A slight decrease was seen in firsttime claims for
unemployment benefits in the week ended July 29th. The initial jobless claims dipped
to 240000 against an expectation of 242000.
UK markets moved higher after the Bank of England voted to keep interest rates
unchanged. U.K. service sector index came in at 53.8 for the month of July against
an expectation of 53.6. Gold producer Randgold Resources climbed 3.3% after
reporting a good set of numbers for firsthalf of the financial year.
Indian markets closed lower as banking stocks fell due to pressure on their net interest
margins. Services PMI for the month of July fell to 45.9 its lowest level in nearly four
years. The Oil gas index was the major gainer for the session and closed up 1.35
percent.
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