Indian market is expected to open on a flat note tracking the SGX Nifty.
The US markets closed lower as markets pulled back from recent highs to consolidate. Important reports on consumer confidence personal income and spending pending home sales and manufacturing activity are expected later this week along with the Federal Reserves Beige Book. The NYSE Biotechnology Index closed down 2.4 percent while the NYSE Gold Bugs Index closed up by 4.6 percent.
The FTSE moved lower as financials pulled the broader market lower. Royal Bank of Scotland fell by 2.53 percent while Barclays fell by 1.67 percent. Other banks to lose ground were Lloyds Banking Group which fell by 1.55 percent and Standard Chartered which fell by 0.71 percent. Shares of HSBC also lost 1.28 percent.
Indian markets had a mixed session but ultimately closed positive. Bank stocks in general and PSU banks in particular gave a weak performance after RBI announced measures to curb excess liquidity by increasing CRR. Th

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