Indian markets are expected to opened down after CPI inflation came in higher
than expected. Surge in inflation is likely to weigh on the bond market in the
near term and which in turn will have an impact on the overall equity markets in
India. The SGX NIFTY is also trading in negative and global markets closed on a
weak note.
The US market remained weak for the day and overall trading throughout the
day remained lackluster and closed in negative zone. Global concerns together
with upcoming Fed meet weighed on the markets and seems kept traders away
from the markets.
The European market ended lower and ended at their lowest level in over two
months. Potential Brexit and weakness in the Asian markets were the reasons for
the continuous weakness in the markets across Eurozone. The German index
DAX ended sharply down by 147 points while the French Index CAC was down
by 66 points. It seems that the overall markets in the Europe is likely to remain
volatile with a negative bia

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