Indian markets are expected to open flat tracking the SGX Nifty.
US Markets rose on Thursday as a postelection rally resumed while investors
digested a slew of economic data and the Federal Reserves decision to raise interest
rates.
The European markets ended Thursdays session in the green after a series of
announcements from central banks. Banks were among the strongest performing
stocks after yesterdays decision by the Federal Reserve to hike interest rates by a
quarter point.
Indian markets closed lower on Thursday in a volatile session after the U.S. Federal
Reserve raised its key interest rate for the first time in 2016 and also hinted at a
more aggressive pattern of rate increases next year. Higher U.S. interest rates could
result in dollar outflows from emerging markets towards the U.S.
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