Indian market is expected to open on a flat note tracking the SGX Nifty.
The US markets remained flattish on Friday after witnessing a mixed trend in the
previous trading session. It seems traders might not have taken big positions ahead
of the Referendum in Italy.
European markets remained weak on Friday ahead of Italian referendum. While the
issue of rate hike by US Fed continues to be there a no vote in Italian referendum
could trigger political uncertainty and might derail the countrys fragile recovery.
With Italians voting for NO Euro has slipped to a fresh low and European markets
are likely to remain volatile going ahead.
Indian markets remained volatile during the week and witnessed selling pressure on
Friday amid global volatility and concerns over slowdown in the corporate earnings
for the quarter. Though auto companies reported a decent set of sales number for
November fear of sales coming down in the month of December weighed on the
stocks. One the key even

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