Indian markets are likely to open negative tracking the SGX Nifty and Global
markets.
The US markets closed sharply lower during the day. The Dow Jones tumbled 373
points one of the biggest fall in nearly one year while the Tech heavy NASADQ fell
by 158 points. The sell off on Wall Street Came as ongoing political turmoil in
Washington further offset optimism about President Donald Trump ability to
implement tax reforms and deregulation. Financial stocks were under pressure
during the day and the Dow Jones Banks Index fell 4%. Also considerable weakness
was visible in the semiconductor stocks
The European markets also ended the day in negative territory. The markets began
the day in red but accelerated lower in the afternoon due to weak opening in the
Wall Street. Financials and cyclical stocks were the hardest hit during the day.
Investors sentiment was negatively impacted by the growing political turmoil in the
United States.
Indian markets continued their upward journ
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