Indian markets are likely to open flat to negative tracking the SGX Nifty and Asian markets.
US markets dropped during Tuesdays session as oil prices moved to its lowest closing level since September. Oil prices have been moving lower on concerns of oversupply from Nigeria and Libya. The Philadelphia Oil Service Index fell by 2.3 percent while the NYSE Arca Oil Gas Index and the NYSE Arca Natural Gas Index fell by 1.7 percent and 1.3 percent respectively.
UK stocks closed lower at the end of the session Barclays dropped 1.6 percent after the bank its former chief executive and three other former top executives were charged with fraud over their actions in the 2008 financial crisis. The Confederation of British Industry stated their forecast that the UK economy would have steady but subdued economic growth over the next couple of years as the country faces several headwinds.
Indian markets closed flat for the session. The biggest gainer for the session was the IT index which c

Download Full Report View Full Report in Browser