Indian markets are expected to open flat tracking SGX Nifty.
US markets closed lower after three days of positive move as crude prices and Defensive sectors declined .Selling was witnessed selling in the telecom utilities and consumer staples segment. Dowjones closed down 114 points. Over the past one month the market has been supported by formerly beaten down sectors indicating a possible broader investor churn in sectors like energy materials and industrial.
European stocks fell on profit taking after three days of gains as sluggish British retail sales data and mixed earnings reports induced caution among investors heading into the ECB meeting later in the day. FTSE closed down 28 points while DAX closed marginally up by 14 points.
Indian indices closed flattish on Thursday. Banking stocks witnessed huge buying in the initially hours after the news that RBI has allowed 20 accounts to be excluded from the AQR list. This lifted the overall markets however; the markets witnesse

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