Indian markets are likely to open flat tracking SGX Nifty.
After falling sharply early in the trading session on Thursday stocks gained some
ground as the day progressed but still closed mostly lower. Concerns over the global
economy contributed to the early weakness in the market.
The European markets also closed sharply on negative note on weak Chinese data.
The disappointing data sparked concerns among traders over the health of the
global economy.
Indian markets remained under pressure from opening and more selling pressure
was observed as the day progressed. There was broad based selling witnessed in the
markets. Global volatility led to the fall in Indian markets and volatility could remain
high for few trading session. However softening CPI inflation data might support the
Indian markets today.
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