Indian markets are likely to open flat tracking the SGX Nifty global cues.
US markets closed off intraday highs Thursday as President Donald Trump hosted
his Chinese counterpart Xi Jinping for their first official meeting as investors sought
clues to how the leaders of the worlds economic powerhouses will tackle trade and
geopolitical issues. The mood in the market however remained cautious as
investors awaited nonfarmpayrolls data due on Friday. The SP 500 index rose
0.2% to close at 2357 while Nasdaq Composite Index climbed 0.3% to end at
The UK markets edged down after Federal Reserve indicated to start reducing its
buildup of government and mortgagebacked bonds that has been a pillar of
support for equity markets worldwide. The FTSE 100 fell 0.4% to close at 7303.
Benchmark indices pared losses to end the day on a flat note after the Reserve Bank
of India decided to keep the repo rate unchanged at 6.25% in line with the market
expectations. The SP B

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