Indian markets are expected to negative tracking the SGX Nifty and weak global cues.
US markets opened in the negative but saw some recovery before a sharp selloff in the last couple of hours of trade. The late selloff was triggered after the Apple stock corrected sharply led by news of billionaire investor Carl Icahn selling his stake in the company. US gross domestic product growth also came below expectations at 0.5% (estimate 0.7%) in the first quarter as against 1.4% in the fourth quarter.
European markets were under pressure in early trade after the Bank of Japan refrained from expanding its monetary stimulus and kept its negative interest rate unchanged. Some tepid earnings reports and mixed regional data also dampened investor sentiment. Markets however ended on a mixed note led by a rebound in US markets.
Indian markets fell sharply led by negative global cues after the Bank of Japans surprise move to keep its monetary policy steady despite deterioration in its economic f

Download Full Report View Full Report in Browser