Indian markets are likely to open flat with a negative bias tracking the SGX Nifty
global cues. While the CPI inflation for March came in at 3.81% and below the
market expectations the IIP numbers continued to disappointed with a contraction of
1.2% for the month of February.
After ending the previous trading session modestly lower the US markets added little
more down side on Wednesday. Reports on retail sales producer and consumer
prices and import export prices may attract attention later this week.
The European markets got off with a positive start on Wednesday as the Geopolitical
tension wane. However concerns over the political situation in France resulted in
some nervousness among investors and traders and the major European indices
ended the day with a mixed note.
The Indian markets continued to remain weak on Wednesday. Investors took a
cautious approach ahead of key economic data that was to be released post
market. Further direction in the market will be de

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