Indian markets are likely to open flat tracking global indices and SGX Nifty.
U.S. stocks closed lower Wednesday as falling oil prices and worries over the
progress of a U.S. tax overhaul left investors increasingly averse to putting more
money into assets seen as risky. Traders were also digesting the latest batch of U.S.
economic news including a report from the Commerce Department showing a
modest increase in retail sales in the month of October. The Dow ended the day
down by 0.6% at 23271.The NASDAQ dropped 0.47% to close at 6706 and the
SP 500 fell 0.55% to finish at 2564.
Stocks in the U.K. closed lower on Wednesday as a slide in oil prices pulled energy
producer shares into the red and a drop in metals prices knocked down prices for
miners. The FTSE 100 dropped 0.6% to end at 7372.
On domestic front Indices continue its down ward trend owing to Weak global cues
after a sharp fall in commodity prices Disappointing earnings updates from the likes
of Sun Phar
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