Indian markets are likely to open negative tracking global indices and SGX Nifty.
U.S. stocks remained closed on Monday because of the Christmas Holiday and
Indices ended slightly lower on Friday as many traders away from their desks
stocks turned in a relatively lackluster performance. The major indices spent much of
the day in negative territory before closing modestly lower. The Dow dipped 0.1% to
24754. The NASDAQ edged down 0.1% to 6960 and the SP 500 slipped 0.1% to
The FTSE 100 index UKX 0.15% fell 0.2% to 7593 edging back from a record
with investors receiving the final look at British economic growth for the third quarter
as they wrapped up what ended as a winning week for the market.
ON domestic front Indian indices closed at fresh record highs on Friday as mild
global cues amid signs of a steady revival in the U.S. economy buoyed investor
sentiment and broad base rally in PSU bank was also lifted Indian indices. With PNB
and SBI rising about 1%

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