Indian markets are likely to open negative tracking global indices and SGX Nifty.
US Stocks turned in a relatively lackluster performance during trading on Wednesday before ending the session modestly lower. Profit taking may have contributed to the modest pullback on Wall Street although selling pressure was subdued amid uncertainty about the nearterm outlook for the markets. The Dow was down by 0.1 percent to 25390 while the Nasdaq went down by 0.4 percent to 7375.
U.K. markets turned in a mixed performance on Wednesday with investors reacting to the latest batch of quarterly earnings reports other corporate news and weak economic data from Germany. The FTSE 100 was down by 0.1% to 7173.
On domestic front Indian shares extended gains for a fifth straight session on Wednesday as investors awaited the RBIs decision on key rates scheduled today. It is expected that the central bank will change its monetary policy stance to neutral from calibrated tightening. During the
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