Indian markets are likely to open in positive tracking global indices and SGX Nifty.
U.S. stockmarket indexes relinquished earlier gains to close little changed on
Tuesday. Investors appeared to shrug off comments from Federal Reserve
Chairwoman Janet Yellen who cautioned against moving too slowly on interest
rates. Yellen said there is a risk that the labor market could become overheated
causing an inflation problem down the road. The Dow dipped 0.1 % to 22284
NASDAQ rose 0.2 % to 6380 and the SP 500 inched up 0.1% to 2497.
The U.K. stocks on Tuesday closed lower for a second straight session with analysts
saying an escalating war of words between the U.S. and North Korea helped push
investors out of risky assets. The FTSE 100 index UKX fell 0.2% to end at 7286
building on a 0.1% loss from Monday.
Indian shares fell for a sixth consecutive session on Tuesday although markets
ended well off their days lows tracking a positive trend in Europe. The 30share BSE

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