Indian markets are likely to open positive tracking global indices and SGX Nifty.
US markets had a mixed session as concerns due to hurricane Irma as well as a
possible North Korean nuclear test made investors cautious. A report from the
Commerce Department showed that wholesale inventories rose by 0.6 percent in
July against an expectation of an increase of 0.4 percent. The NYSE Arca Natural
Gas and the Philadelphia Oil Service Indices fell by 2.8 and 1.8 percent respectively
as crude oil prices fell by 1.6 per barrel to 47.48 per barrel.
UK stocks fell during Fridays trade a continuation in the weak performance shown
during the week. Mining stocks showed weakness as Chinese export data acted as a
source of negative sentiment. Antofagasta BHP Billiton and Anglo American
dropped by 4.11 3.77 and 3.36 percent respectively.
Indian markets closed on Friday with a mixed session. Mid and small cap stocks
moved slightly lower during the session on profit booking. The capital

Download Full Report View Full Report in Browser