Indian market is expected to open on a flat note tracking the SGX Nifty and mixed Asian cues.
US indices ended on a flat note after trading on a choppy note as stocks showed a lack of direction on the back of uncertainty in the short term ahead of major economic data including the jobs report. Federal Reserve Chair Janet Yellen is also scheduled to deliver a speech to the Economic Club of New York later today potentially providing further cues on the outlook for interest rates.
Most European markets remained closed on Monday on the occasion of Easter.
Indian benchmark indices fell sharply on the back of hawkish comments by the Fed officials and better than expected US GDP data increasing the likelihood of a rate hike. Caution also prevailed ahead of the FO expiry and monetary policy due on April 5.
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