Indian markets are likely to open on negative note tracking the SGX Nifty global
US markets traded in narrow range during the day and remained lackluster finally
closing flat. Following the weakness in the previous week and lack of any economic
data the market participants seems were unwilling to take large positions. However
reports retail sales producer and consumer prices and import and export data later
this week may attract investors.
The European markets remained muted and closed on flattish note. Geopolitical
concerns kept investors worried following US airstrike on Syrian airbase last week
and the mounting concerns over tensions in the Korean peninsula added to the
cautious mood among traders and investors.
After witnessing some weakness last week the Indian markets saw selling again on
Monday while weak job data in US and rising geopolitical tension was part of the
cause it seems investors and traders are taking cautions move ahead of the result

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