According to Angel Broking, markets are expected to open on a negative note tracking the SGX Nifty and global markets.
Angel Broking’s market report:
Indian markets are expected to open on a negative note tracking the SGX Nifty and global markets.
After initially registering sharp rise, the US market pulled back and ended in the negative zone as traders were unwilling to partake in buying owing to lack of major economic data release. The European markets ended Wednesday’s session in the green with markets feeding off on strong rally in the Asian markets. The markets reversed from their respective intraday highs after UK’s industrial production dropped 0.4 percent in July.
The Indian markets rose strongly on Wednesday, mainly on the back of positive movement across global markets. The surge in world stock markets amid signs of stability in China spurred gains in rupee for the second consecutive session
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First Published on Sep 10, 2015 08:50 am