Indian markets are likely to open weak and remain so during the day largely due to yesterdays selling pressure and global markets.
The US markets traded in a narrow range during the day finally ending marginally lower. The Dow Nasdaq closed by 33 and 13 points each. The drop came in after remarks by President Trump that further threats from North Korea would be met with fire fury after North Korea test fired another ICBM.
The European markets ended on subdued note after mixed set of data across countries came in. Data from China Germany and France remained weak which impacted the sentiment. Further Euro gained strength against the dollar despite a lacklustre trade.
Indian markets opened flat however there was knee jerk reaction as soon as SEBI came out with names of 331 suspected shell companies as identified by the ministry of corporate affairs. Though markets witnessed some recovery during the day again selling pressure intensified and Overall markets breadth remained we
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