Indian markets are likely to open flat tracking global indices and SGX Nifty.
U.S. stocks closed marginally higher Monday after the Dow and the SP 500 posted
their first weekly drops in two months last week. The recent weaknesses in indices
are largely owing to worries about delays in muchanticipated corporate tax cuts out
of Washington. While GE skidded 7.2% after conglomerate plans to cut its dividend
by half. The Dow DJIA rose 0.07% to close at 23440 and the SP 500 climbed
0.1% to finish at 2584. The NASDAQ gained 0.1% to end at 6758.
The U.K. indices finished slightly lower on Monday though their drop was limited by
the pounds fall which came after reports that British Prime Minister Theresa may is
facing pressure to resign. The FTSE 100 fell 0.2% to close at 7415.
On domestic front shares declined sharply in Monday as global cues were mixed
industrial output data reports sluggish number and earnings updates from the likes
of Adani Ports DLF Idea Cellular
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