Indian markets are likely to open in flat tracking global indices and SGX Nifty.
U.S. markets had a lacklustre trading session during Thursday and remained largely
remained range bound finally closing the day with a flat note. The markets
remained range bound despite President Donald Trumps call for tax reforms. The
president intends to reduce tax for corporate as well as personal income tax.
The European markets also remained range bound during the day and. The markets
however reacted positively to banking and retail stocks on the news of US federal
reserves call for rate hike and a better result from HM.
After sharp correction in the markets over the last few trading session the Indian
indices witnessed some bounce back today on the day of FO expiry. Selective
pharma and cement stocks witnessed buying interest. However the broader mood
in the market remains cautious as worry over fiscal slippages and weak rupee
persists among investors and traders.

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