Indian markets are likely to open negative tracking global indices and SGX Nifty.
The US stocks pulled back the sharp gains from the earlier trading session on
Thursday. With the downturn the major averages largely offset the strong gains
posted in the previous session. The major averages climbed off their lows going into
the close but still posted steep losses. The Dow tumbled 1.5 percent to 27535 and
the Nasdaq plummeted 2 percent to 10920
UK stocks ended mostly lower yesterday after a somewhat volatile session. Investors
were reacting to the European Central Banks monetary policy announcement and
tracking news on Brexit and coronavirus updates besides digesting the latest batch
of economic data from the zone.. The FTSE 100 dipped by 0.2 percent to 6003.
On domestic front the Indian stock market ended the day at a high after spending
the entire day in green. Rally in the market was led by Reliance Industries (up
7.06%) becoming the first company in India to hi
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