Indian markets are expected to open in red tracking SGX Nifty.
Weak earnings from industrial bellwethers Caterpillar 3M and American Express
weighed on Dow Jones pushing the bluechip index below the key technical level on
Thursday. Selling pressure accelerated in afternoon and key indexes closed in red
for third straight day led by Utilities Materials and Industrial stocks.
FTSE and DAX ended in red continuing the pull back of previous 2 sessions. With Greece concerns easing markets have now shifted their focus towards corporate earnings.
Markets lost half a percent on Thursday due to profit booking after seeing over 300
points relief rally in earlier sessions. Private Banks Capgoods select Metals and
Pharma stocks dragged the market.

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