Indian markets are expected to open flat some consensus seems to be
developing for the GST bill. In a two days meet with states FMs the union
finance minister Arun Jaitly has expressed hope for positive move ahead. The
SGX NIFTY is trading marginally negative. However further direction of the
market will be decided by global indices today and global markets closed on a
weak note.
The US market closed modestly down with Dow closing down by 57 points.
Though the selling pressure was modest risk aversion by traders head of US
Fed policy announcement on monetary policy on Wednesday kept the markets
subdued. Though it is widely expected that the US Fed will keep its policy rates
unchanged traders and investors will keenly watch out for the accompanying
commentary which could give time line for the same.
The European market ended Tuesday further lower and ended at their lowest
level in over three months. Potential Brexit and weakness in the Asian markets
continued to dampen

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