Indian markets are likely to open flat tracking the SGX Nifty global cues.
US markets moved downside on opening trade and remained mostly negative
during the day but finally ended the day with a minor loss. Though selling pressure
was not observed largely concerns over geopolitical issues kept traders away from
the markets.
The European markets closed on a mixed note on Tuesday. During the day the
markets fluctuated between small gains and losses. While the FTSE closed on a
positive note other European indices closed lower. A weak opening on the wall street
and rising geopolitical tension seems to have impacted the markets during the day.
After three days on weakness the Indian markets saw strong buying interest on
Tuesday and ended with gains across sectors. Index heavy weight ITC was the
biggest gainer during the day. Selective banks also were in buying mode. IT major
Infosys advanced during the ahead of its results during the week.
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