Indian markets are likely to flat tracking the SGX Nifty and Asian markets.
US stocks remained lackluster on Friday after seeing disappointing retail sales data.
The Commerce Department said retail sales climbed by 0.4% in April compared to
economist estimates of 0.6% growth. A separate report from the Labor department
showed that consumer prices rebounded in line with economist estimates in the
month of April.
The markets in UK closed on a positive note on Friday. Strong GDP data from
Germany by strong exports helped eased investors worry and though some
corporate earrings were not up to the mark markets still closed on a positive note.
Indian markets remained in a narrow range on Friday and finally ended with a
marginal loss. Investors and traders it seems had been cautious ahead of the
introduction of new series for IIP in the India. With most of the large corporates
having announced their results for the quarter the domestic market could now on
look forward for furth

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