Indian markets are expected to open on a Positive note tracking the SGX Nifty and
most of global markets.
The US markets remained volatile throughout Thursdays trading session but largely
managed to maintain a positive bias. Traders also reacted to U.S. economic data
that included Weekly Initial Jobless Claims. The report showed that jobless claims
were inline with estimates coming in at 275000.
The European markets closed in the negative territory after 3session winning streak
on Thursday. The pull back was attributed to profit taking after the recent run up in
equities. Disappointing economic data from China where inflation accelerated to
2.0% in August as compared to 1.6% in July on soaring food prices.
The Indian markets dipped on account of profit booking on Thursday after rallying
sharply in the previous two sessions. Sustained capital outflows by foreign funds
monsoon concerns disappointment over the delay in enacting the Goods and
Services Tax (GST) Bill and

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