Indian markets are likely to open negative tracking the SGX Nifty global cues.
The three main U.S. indexes ended thursday in negative as investors fled risk assets
amid a rise in geopolitical tensions after news that the U.S. military dropped its
largest nonnuclear bomb on an ISIS tunnel. The upbeat consumer sentiment and
initial jobless claims data failed to lift sentiment while US producer prices dropped
for the first time in seven months. The Dow Jones Industrial Average closed 0.67%
lower at 20453. The SP 500 lost 0.68% and the Nasdaq Composite closed 0.53%
higher at 5805.
In the UK FTSE 100 closed over down 0.29% at 7 328.
Technology stocks took a beating on Thursday after Infosys’ share buyback plan and
revenue outlook failed to move investors. BSE Sensex closed lower by 0.61% to
29461 while the Nifty 50 fell 0.57% to 9151. Disappointing macro numbers and
persisting military concerns relating to the Korean peninsula and West Asia also
pulled down the i

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