Indian markets are expected to open negative tracking SGX Nifty.
Wall Street traded lower weighed by biotech shares and second day of sharp
declines in Media companies after Viacoms revenue miss was linked to viewers
increasingly shifting from cable television to online streaming.
U.K. stocks were little changed paring an earlier retreat after fewer Bank of England
policy makers than expected voted to increase interest rates this month. FTSE 100
Index lost 0.1% at the close in London after earlier falling as much as 0.5%.
Declines in miners and oil companies weighed on the benchmark. BHP Billiton Ltd.
and Glencore Plc fell at least 2%.
After a sluggish day markets geared up to rally at the end. However this rally of
Nifty to scale above 8600 was not successful as index heavyweights ITC CIL
Vedanta Reliance and Tech Mahindra pulled Nifty down.

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