Indian markets are likely to open flat tracking global indices and SGX Nifty.
While selling pressure was relatively subdued U.S. stocks saw modest weakness
during trading on Friday. The major averages all moved to the downside with the
techheavy Nasdaq pulling back off the record closing high set in the previous
The European markets fluctuated between small gains and losses during Fridays
session but ended the day in the red. Markets were under pressure as the Euro
gained ground against the U.S. dollar following reports that Special Counsel Robert
Mueller issued subpoenas to over a dozen top Trump campaign officials in mid
October calling for documents and emails related to Russia.
Indian markets posted strong gains for the second day in a row on Friday bonds
rallied and the rupee strengthened sharply against the dollar after Moodys Investors
Service upgraded Indias sovereign rating for the first time in 14 years.

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