Indian markets are expected to open flat tracking SGX Nifty.
U.S. stocks retreated from record levels to close lower on Monday. This was due to
investors turning cautious ahead of upcoming earnings announcements and central
bank meetings. The Federal Reserve is scheduled to have a meeting on Wednesday
but rates are expected to remain unchanged.
U.K. stocks closed lower on Monday as losses from commodity shares pulled the
benchmark index lower. Stocks were under further pressure after industrial trends
from the Confederation of British Industry showed business optimism at its lowest
level since January 2009.
Equity benchmarks rallied on broad based buying by FIIs as a result of which
markets closed at a 52 week high. Banking realty and oil gas shares were among
the star performers of the day with the respective sectoral indices on the BSE
gaining more than 1 percent each.
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