Indian markets are likely to open flat tracking global indices and SGX Nifty.
US markets had a mixed session with tech stocks gaining ground while the broader
market slipped lower. The National Association of Realtors (NAR) released a report
showing a bigger than expected drop in existing home sales in the month of June
2017. Existing home sales dropped by 1.8 percent against an expectation of a drop
of 1.0 percent. The NYSE Arca Gold Bugs Index dropped by 2.4 percent as gold
prices weakened by 0.6 to 1254.30 an ounce.
The UK markets fell lower as the IMF announced a cut to its GDP growth forecast.
The IHS Markits household finance index dropped to 41.8 in July from 43.7 in June
signaling a fast deterioration in financial wellbeing for UK households. Airliner
Ryanair fell by 1.4 percent after the budget airline said it expects airline pricing to
remain under pressure for the second half of the year.
Indian markets moved closer to the 10000 mark as index heavy weights h

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