Indian markets are likely to open flat and may remain negative biased tracking the
global cues.
After moving to the downside early in the session US markets remained mostly
negative throughout the trading day on Monday. The techheavy Nasdaq
underperformed its counterparts pulling back further off the record closing high set
last Thursday. The weakness on Wall Street was partly due to profit taking with
traders cashing in on some of the recent strength in the markets.
The European markets ended the first trading day of the new week solidly in
negative territory. The continued political uncertainty in the UK weighed on investor
sentiment while a weak performance by the technology stocks also contributed to
the negative mood.
Indian markets ended notably lower on Monday as investors awaited industrial
output and inflation data due out later in the day as well as Wednesdays Federal
Reserve policy meeting for directional cues.

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