Indian markets are expected to open flat tracking the SGX Nifty.
US Markets closed higher on Monday on light trading activity in light of the holiday season as well as upcoming economic data. Most sectoral indices closed modestly upwards. The Dow Jones Trucking Index closed up by 1.2 percent recovering the previous sessions losses. Significant gains were also made by the Dow Jones Software Index which closed up by 1.2 percent. Steel stocks came under pressure and the NYSE Arca Steel Index down 2 percent.
The FTSE 100 had a mixed session that saw it recover from early losses to close mildly positive. Stocks such as Hikma Pharmaceuticals Capita and BT Group were among the largest gainers for the session. Carnival fell by 1.11 percent after it was downgraded to “Hold” from “Buy”. Oil companies Royal Dutch Shell and BP Plc rose by 1.15 percent and 0.22 percent on positive developments.
Indian markets continued its fall for the fourth straight session on Monday on low volumes and conce
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