Indian markets are likely to trade in positive zone tracking the SGX Nifty and Asian
Following the mixed performance seen in the previous session US markets moved
mostly lower during trading on Thursday. The major averages regained ground after
an early move to the downside but remained stuck in negative territory. The
weakness on Wall Street came as traders continued to digest the Federal Reserves
decision to raise interest rates by a quarter point on Wednesday.
The European markets ended Thursdays session solidly in negative territory adding
to the losses of the previous session. Investors had their first opportunity to react to
yesterdays announcement from the Federal Reserve. The Fed not only hiked interest
rates but stated that they are planning one more rate hike this year. The hawkish
tone of the central bank has traders concerned as U.S. economic data has been
weak of late.
Indian markets snapped a twoday winning streak to end modestly lower on

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