Indian markets are expected to open flat tracking the SGX Nifty and Asian cues.
The US markets closed flat showing a lack of direction reflecting continued
uncertainty about the outlook for U.S. monetary policy following last week Federal
Reserve decision.
European markets ended in the green led by bargain hunting at lower levels and
improvement in market sentiment on account of rebound in shares of Volkswagen
after 2 days of sharp declines.
Indian equities opened lower but recovered during the day on account of positive
cues from Europe and comments from Chinese President Xi Jinping that a cheaper
currency would not be used to boost exports.
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