Indian markets are likely to open flat tracking global indices and SGX Nifty.
The SP 500 and the Dow snapped a sixday winning streak on Monday as
investors weighed prospects for tax cuts while parsing the latest corporate earnings
for clues on where stocks are headed in the near term. The SP 500 index SPX
dropped 0.4% to close at 2565. The Dow Jones Industrial Average DJIA shed
0.2% to 23274.
U.K. stocks ended a choppy session marginally higher on Monday with traders
opting to err on the side of caution ahead of a busy week of economic data and
earnings. The FTSE 100 index UKX 0.02% to close at 7524 leaving it within
touching distance of its record close of 7556 hit earlier in October.
Indian shares rose on Monday with telecom stocks as well as heavyweight Reliance
Industries leading the surge after Jio raised effective prices of most 4G tariff. On
Monday BSE Sensex closed up 0.4% to 32507 while the Nifty 50 edged up 0.4% to
close at a new peak 10185.

Download Full Report View Full Report in Browser