Indian markets are likely to open flat tracking global indices and SGX Nifty.
U.S. markets continue their upward move reaching new highs. Better than expected
job data lifted the sentiment up and selected stocks witnessed buying during the day.
While most economist had expected employment to climb up by 189000 and the
actual outcome of 2 09000 jobs for July came in as a positive surprise for
investors. The US also gained some strength post the favourable data.
The favourable job data and positive move in the Dowjones helped the European
market in opening positive. The German factory orders grew by 1% in June as
compared to the expectations of 0.5% and this helped in negating some mixed
Indian markets closed on modest gain on Friday after two days of losing streak.
While the markets opened on a weak note there buying interest at lower leaves and
this lifted the markets up. State run oil marketing companies witnessed strong buying