Indian markets are likely to open negative tracking global indices and SGX Nifty.
U.S. stockmarket indexes closed lower Tuesday primarily owing to losses in utilities
telecoms and industrials sectors. The lower close on Wall Street may have reflected
concerns about the outlook for the Republican tax reform bill amid reports about
disagreements over a corporate alternative minimum tax. The Dow fell by 0.5% to
close at 24181 the NASDAQ edged down 0.2% to end at 6762 and the SP 500
dipped 0.3% to finish at 2630.
The FTSE 100 index UKX shed 0.2% to end at 7328. The mining shares struggling
in particular as investors assessed downbeat British services data.
On domestic front indices finished marginally lower on Tuesday as investors looked
ahead to the RBI monetary policy review and the first phase of Gujarat elections due
this week. Another weighing sentiment was The Nikkei India Services PMI for
November which signaled slowdown in demand. The benchmark BSE Sensex fe
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