Indian markets are expected to open on a Flat to Positive note tracking the SGX
After opening sharply lower on Thursday US markets recovered but managed to
close in the red. The markets were weighed down by the concerns over state of
global economy.
European shares declined to touch its 21/2 year low on Thursday as continued
weakness in crude and sharp decline in Asian stocks weighed on the markets.
Concerns about slowing global growth also added to the negative sentiment.
Much like European and Asian markets Indian markets slid sharply yesterday on
plunging oil prices on going global concerns over state of global banks and steady
FII outflows.

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