Indian markets are likely to open negative tracking global indices and SGX Nifty.
U.S. Stocks showed a lack of direction over the course of the trading session on
Monday following the strength seen last week. Indices closed mostly lower on
Monday after touching intraday records as an early rally in retail shares largely
fizzled. However the bluechip Dow bucked the weak trend to eke out a gain. The
Dow inched up 0.1% to close at 23581 the NASDAQ dipped 0.2% to finish at
6879 and the SP 500 edged down less than a tenth of a percent to 2601.
U.K. stocks ended lower on Monday for a third straight session as mining shares fell
under the weight of concerns about the health of Chinese companies. The FTSE 100
index UKX dropped 0.4% to close at 7384.
On domestic front shares recovered from an early slide to finish marginally higher
for the day despite mixed cues from global markets. Traders also kept an eye on oil
price movements ahead of a major meeting among oil producer
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