The Indian markets are likely to open weak due to weak global cues. The SGX NIFTY is down 50 points. However the strong the GDP numbers might protect the index from falling sharply.
Shares on Wall Street closed lower on Monday following a volatile session for Europes stock markets. Analysts said investors remained nervous about slowing global growth uncertainty about US interest rates and further falls in oil prices.
European equities fell sharply on Monday extending the previous weeks steep losses with cyclical sectors losing ground on persistent concerns about the pace of global economic growth.
Indian markets were trading flat for most part the day. Last hour of trade however saw a sharp nosedive tracking a selloff in the European markets. Sensex was down 1.3% mainly led by Tata Motors ONGC ITC Sun Pharma and TCS.

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