Indian markets are likely to open flat tracking global indices and SGX Nifty.
After an early move to the upside stocks turned lower over the course of the trading
session on Thursday. The Dow pulled back into negative territory after reaching a
new record intraday high. The downturn by stocks came amid uncertainty about the
outlook for the Republican tax reform plan after Senator Marco Rubio RFla.
indicated his opposition to the legislation currently being negotiated.
The majority of the European markets ended Thursdays session with small losses.
Central banks were in focus as investors had their first opportunity to react to
yesterdays rate hike by the Federal Reserve. The European Central Bank the Bank
of England and the Swiss National Bank all decided to leave their respective interest
rates unchanged today.
Hectic buying in pharmaceuticals space and a few frontline stocks from automobile
and banking sectors lifted key Indian markets Sensex and the Nifty50 to a po

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