Indian markets are expected to open positively tracking the SGX Nifty and some of its Asian peers.
US markets closed higher as the Chinese currency steadied and home builders index for August beat expectations.
European stocks ended a choppy session in mixed territory after a duo of US data sent conflicting signals about the strength of the country’s economy.
Indian markets ended in the red as the investors continue to watch the progress of the monsoon. As per the IMD’s latest report the rainfall in the country weakened further during last week with the cumulative rainfall upto 16th August 2015 being 10% below Long Period Average.
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