Indian markets are likely to open flat tracking global indices and SGX Nifty.
US stocks was modestly weak yesterday after the summit between President Donald Trump and North Korean leader Kim Jong Un ended abruptly without an agreement on the denuclearization of the Korean peninsula. The major averages all ended in negative territory with the Dow down by 0.3% at 25918 and the Nasdaq low by 0.3% at 7533.
U.K. stocks fell sharply on Thursday as the British pound hit fresh multimonth highs against both the dollar and euro on reports that Brexit could be delayed by up to two years. The FTSE 100 fell by 0.5% to 7075.
On domestic front Indian shares fell slightly on yesterday to extend losses for the third day running as geopolitical worries persisted and investors awaited the release of GDP numbers and fiscal deficit data due later in the day. The benchmark BSE Sensex slid by 0.1% to 35867 at the end of trading session.
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