Indian markets are expected to open on a Flat note tracking the SGX Nifty and
global markets.
The US markets closed marginally negative as most traders awaited the outcome of
FOMC meet as well as data on the economic front that will be announced this week
starting today. Vital data that is set to be announced this week includes US industrial
Production CPI and Housing Starts.
Most of the European markets ended in the negative territory citing lower than
estimated Chinese industrial production data which elevated concerns of
slowdown in the Chinese economy.
The Indian markets rallied on Monday on series of positive economic data which
raised expectation of a possible interest cut in the near future. Better than expected
IIP data narrowing current account deficit and lower WPI Inflation boosted Indian
markets which neglected below than estimated industrial production data from

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