Indian markets are expected to open flat tracking SGX Nifty.
Following the pullback seen in the previous session US stocks moved back to the upside
during trading on Wednesday. The gains on the day lifted the Dow and the SP 500
to new record highs while the techheavy Nasdaq showed an even stronger upward
move to reach its best levels of 2016.
The European markets ended Wednesdays session in the green rebounding from
yesterdays weak performance. Solid financial reports from companies like SAP
Lonza and ASML Holding as well as Microsoft and Morgan Stanley in the U.S.
provided a boost to investor sentiment.
Indian markets rose for a second consecutive session on Wednesday amid increased
buying by foreign investors as monsoon rains covered the whole county and Bihar
Chief Minister and Janata Dal (United) chief Nitish Kumar pledged his support for
the Goods and Services Tax (GST) Bill.

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