Indian markets are likely to open flat tracking global indices and SGX Nifty.
US stock averages retreated after posting fresh intraday highs on Wednesday and ended the session notably lower due to a selloff in technology shares. The Dow fell by 0.4 percent to 30320 and the Nasdaq slumped 1.9 percent to 12339.
UK stocks advanced on Wednesday after Britain and the European Union agreed on the implementation of the Northern Ireland protocol and U.K. Brexit supremo Michael Gove told Sky News that there is now a “smoother glidepath” towards a postBrexit trade deal with the EU. The benchmark FTSE 100 rose by 0.5 per cent to 6592.
Indian shares extended their winning run yesterday to notch fresh record highs amid stimulus hopes and Covid19 vaccine optimism. The rally was also driven by positive cues from global markets and persistent foreign fund inflows given strong visibility of sustained earnings growth in the second half of FY21.The benchmark SP BSE Sensex rallied by 1.
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