Indian markets are likely to open flat tracking global indices and SGX Nifty.
U.S. stocks finished the week on a subdued note as worries over U.S. tax reform
and a delay of the promises cut in corporate taxation weighed on investors minds.
However some strong corporate results limited the day’s decline and kept the
NASDAQ in barely positive territory. The Dow DJIA fell 0.2% to close at 23422.
The SP 500 SPX ended down 0.1% to 2582.The NASDAQ rose 0.1% to finish at
6751.
U.K. stocks dropped Friday with retailers and energy producers among those that
lost ground sending the London gauge of bluechip stocks to its lowest close since
late September. The FTSE 100 index UKX slumped 0.7% to closed at 7433.
On domestic front shares ended a choppy session slightly higher on Friday after the
GST Council pruned tax rates on many regular consumption products. After
reporting strong Q2FY18 numbers SBI led the gainers in the Nifty pack to end up by
more than 6%. Larsen T
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