Indian markets are likely to open negative tracking global indices and SGX Nifty.
U.S. stock trading was choppy yesterday as traders seemed reluctant to make any significant moves amid a lack of major U.S. economic data. While the Dow Jones edged down 0.2% to 25857 the Nasdaq rose by 0.3% to 7924.
UK stocks reversed initial losses to edge higher on Monday after a government report showed the U.K. economy expanded at a faster pace in July. GDP grew 0.3 percent monthonmonth in July faster than the 0.1 percent rise in June. The FTSE 100 was up by 0.2% at 7290.
On domestic front Indian stocks started the week on a bearish note with benchmark indexes Sensex and Nifty falling more than 1 percent to post their biggest singleday declines since March 16 and February 6 respectively as a falling rupee on trade worries and rising oil prices on expectations of a tightening market dented investors appetite for risk. The BSE Sensex was plunged by 1.2% to 37922.
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