Indian markets are likely to open negative tracking global indices and SGX Nifty.
US Stocks stocks continued to experience choppy trading on Wednesday. The major averages spent the day bouncing back and forth across the unchanged line. The choppy trading came as traders digested the minutes of the latest Federal Reserve meeting which provided further insight into the central banks decision to change the forward guidance language and indicate a patient approach to raising interest rates. The Dow ended modestly higher at 25954 whereas the Nasdaq was flat at 7489.
U.K. stocks finished higher on Wednesday as hopes for a ChinaU.S. trade deal continued to build. The FTSE 100 was down by 0.6% to 7179.
On domestic front Indian shares rebounded on Wednesday with the BSE Sensex snapping a nineday losing streak and the NSE Nifty index reversing an eightday losing run as investors pinned hopes for a possible U.S.China trade deal. During the trading session the BSE Sensex surged
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