Indian markets are likely to open positive tracking global indices and SGX Nifty.
After falling sharply in late morning trading US markets climbed well off their worst levels of the day but still ended the day modestly lower. The Dow and the SP 500 pulled back off the record closing highs set in the previous session. The Dow slipped 0.2% to 24232 the Nasdaq fell 0.4% to 6848 and the SP 500 dipped 0.2% to 2642.
The UKs benchmark FTSE 100 index ended 26.18 points lower at 7300. The pound broke through the 1.35 level on Thursday amid hopes of a settlement on the socalled Brexit divorce bill and the Irish border issue.
BSE Sensex and NSE Nifty closed about 1% lower on Friday as GDP data failed to cheer the markets. Indias 2QFY18 GDP growth came at 6.3% up from a threeyear low of 5.7% in 1QFY18. While the data shows strong recovery in the domestic economy it was still not enough to lift up the mood of the investors who had expected growth of 6.4% in the quarter.
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