Indian markets are expected to open flat to negative tracking the SGX Nifty and its
Asian peers.
Wall street was led by a choppy trading session as many traders looked to get a
head start on the upcoming threeday weekend as the markets closed earlier than
usual. However the major averages eventually ended the session mixed. While the
Nasdaq inched up 0.1% to 5048 the Dow 0.3% to 17552 and the SP 500
dipped 0.2% to 2061.
The European markets were mixed in thin trade on the day prior to Christmas with
many of them including the U.K. France and the Netherlands open only for half
the trading session. On a light day for economic news the British Bankers
Association said UK house purchase approvals unexpectedly declined in November
after a rebound in the previous month. The Euro Stoxx 50 index of eurozone
bluechip stocks fell 0.2% while the Stoxx Europe 50 index which includes some
major U.K. companies slid 0.3%.
Indian shares ended Thursdays lackluster session
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