Indian markets are likely to open in flat tracking global indices and SGX Nifty.
U.S. stock market indexes ended lower on Monday on the back of a fresh flare up in
tensions between the U.S. and North Korea and a sharp decline in technology
shares. The NASDAQ plunged by 0.9 percent to 6471 the Dow dipped by 0.2
percent to 22296 and the SP 500 slipped 0.2 percent to 2496.
The U.K. stocks slipped Monday struggling as sterling climbed against the euro in
the wake of Germanys general election and as bank stocks sagged as the Bank of
England reiterated a warning about risks from credit growth. The FTSE 100 index fell
0.1% to close at 7301 led by financial and mining shares.
Indian shares ended sharply lower for a second consecutive session Monday on
concerns over fiscal deficit after reports emerged that the government is thinking of
spending Rs.50000 crore to boost the countrys slowing economy. Muted global cues
also weighed on markets as geopolitical tensions persiste

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