Indian markets are expected to open flat tracking the SGX Nifty.
US stock indices closed slightly lower on profit taking and low volumes. The Commerce Department released a report showing a sharp of 4.6 percent in durable goods for the month of November against an expectation of a drop of about 4.4 percent. The Commerce Department said US GDP climbed 3.5 percent in the third quarter reflecting an upward revision from the previously increase of 3.2 percent. The NYSE Arca Steel Index closed down by 1.8 percent while the Dow Jones Retail Index fell by 1.6 percent.
The FTSE 100 had a positive session in spite of news weakness on the part of mining stocks. The price of copper hit a onemonth low after a report showed Chinese metal imports had slowed sharply in November. BHP Billiton closed down 1.6% Rio Tinto fell by 1% and Anglo American dropped 0.7%. However Randgold Resources increased 2.57 percent and Fresnillo gained 2.84 percent as gold prices climbed.
Indian markets continued

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