Indian markets are likely to open flat tracking global indices and SGX Nifty.
The US stocks moved sharply lower over the course of the trading day on Wednesday extending the significant pullback seen in the previous session. With the continued weakness on the day the major averages fell to their lowest closing levels in over a month. Dow and the Nasdaq tumbled by 1.9 percent and 1.6 percent to 26079 and 7785 respectively.
The UK stocks plunged on yesterday as global growth worries persisted and investors waited for Prime Minister Boris Johnsons radical contemporary Brexit proposal later in the day. The FTSE 100 slumped by 1.7 percent to 7234.
On domestic front Indian markets were closed yesterday on account of Gandhi Jayanti. On Tuesday shares tumbled with benchmark indexes Sensex and Nifty falling around 1 percent each as investors fretted about the exposure of major banks to NBFCs and realty sectors after the crisis in PMC Bank and Lakshmi Vilas Bank. The benchmar
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