Indian markets are likely to open negative tracking global indices and SGX Nifty.
Further the news of North Korea launching its second ballistic missile over Japan will
keep the market participants nervous.
US markets had a mixed session on Thursday while the Dow Jones gained the tech
heavy Nasdaq lost ground. The Dow closed at a record high of 22203 while the
NASDAQ and SP remained in negative territory for most of the day.
The European markets remained flat initially but ended on weak note a series of
Chinese data came below expectations. Further investors remained cautious ahead
of BoEs meeting for directions.
Indian markets traded in a narrow range for the day and finally closed on a flat
note. The Wholesale price inflation for the month of August went up to a four month
high of 3.24% which might impact the RBI’s decision to go for a rate cut in the near
term. After moving higher in the last few days the Indian markets could remain
range bound in the near term.

Download Full Report View Full Report in Browser