Indian markets are likely to open negative tracking global indices and SGX Nifty.
U.S. stocks closed flat for the session after the monthly jobs report showed an
unexpected decrease in employment for the month of September. The report from
the Labor Department showed that nonfarm payroll employment fell by 33000
jobs in September against an expectations of an increase of 90000 jobs. The NYSE
Arca Oil Gas Index fell by 0.9 percent on concerns of oversupply. Gold stocks
had a strong session with the NYSE Arca Gold Bugs Index up by 1.3 percent.
UK stocks had a flat session as concerns over Catalonian independence and
domestic concerns kept sentiment muted. A report by the Recruitment and
Employment Confederation and IHS Markit showed that permanent job placements
in the U.K grew at the weakest pace in five months in September.
Indian Markets had a strong session with gains across all sectoral indices. Market
sentiment was positive due to expectations of relief to small an

Download Full Report View Full Report in Browser