ndian markets are expected to open flat tracking SGX Nifty.
The Dow Jones and the SP 500 Index closed lower on Wednesday after briefly
notching gains on the session after the Federal Reserve signalled a willingness to
raise benchmark interest rates in the fall. Consumerstaples shares led by a 3.3%
drop in shares of CocaCola Co. Energy stocks were down 1% suffered from a drop
in crudeoil prices while technology and telecom shares advanced slightly.
European stocks finished higher Wednesday with surges in shares of French firms
LVMH and Peugeot SA helping to offset a drop in Deutsche Bank AG shares after the
German lenders profit plunged. The U.Ks FTSE 100 was up with shares of
broadcaster ITV PLC closing up nearly 8% and helping the British benchmark reach
a fresh 2016 closing high.
After a consolidation Indian indices closed marginally higher on Wednesday as
traders remained cautious ahead of the expiry of derivative contracts the outcome
of Federal Reserves

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