Indian markets are likely to open flat tracking global indices and SGX Nifty.
The U.S. Index opened positive and traded in narrow range the major averages
eventually ended Thursdays trading on the unchanged line. The House of
Representatives also passed a budget blueprint paving the way for the Senate to
eventually pass a taxreform package by a simple majority. The Dow Jones Industrial
Average DJIA rose 0.3% to close at 23401. The SP 500 SPX gained 0.1% at
2560 while the Nasdaq Composite Index COMP edged down 0.1% at 6557.
NASDAQ primarily weighed down by the biotechnology sector which corrected
2.32% on Thursday.
U.K. stocks closed higher on Thursday tracking a positive mood across Europe after
the European Central Bank extended its bondbuying program and hinted rates will
stay low at least until 2019. The FTSE 100 index rose 0.5% to end at 7487.
The India share opened on negative note but rose in the last leg of the trade to end
the day at fresh highs a

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