Indian markets are expected to open on a Negative note tracking the SGX Nifty and
Global markets.
U.S. stocks declined in early session and ended the day in the negative territory
owing to geopolitical events/concerns (tension between Saudi Arabi Iran and
possible nuclear test in North Korea) and fears about the current state of Chinese
economy.
European markets also declined yesterday hit by weakness in the commodity sector
as concerns over the Chinese economy resurfaced after it allowed the yuan to
weaken further. Geopolitical concerns also weighed on the markets.
Indian markets continued to post losses for third consecutive trading session
yesterday mainly on concerns of global weakness and correction in oil prices. Smallcaps
and midcaps continued to outperform the benchmark indices.
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