Indian market is expected to open on a flat note tracking the SGX Nifty.
The US markets touched new high on Monday with Dow Jones seeing buying
interest by investors and traders. Despite political concern over Europe investors
back home in US took interest in financial services firm. The US market seems to
have discounted a partial hike in interest rate when the Fed meets next week.
European markets remained positive despite the political turmoil in Italy following
Sundays referendum. The markets got off to a weak start but quickly staged a
recovery before settling into positive trend.
Indian markets remained volatile on Monday however it closed on a positive note. A
flat US markets and nervous Asian markets after Italian NO vote there was some
selling visible in the early traders however during the day European market opened
on a positive note which lent comfort to domestic investors and selective counters
saw buying interest.

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