Indian markets are expected to open in red tracking the SGX Nifty and the Asian
cues.
The US markets ended in negative led by weak economic cues out of China which
once again raised concerns about the health of the global economy. China
industrial profits declined in August as product prices continued to decrease.
Industrial profits fell 8.8 percent in August from a year ago following a 2.9 percent
drop in July. Biotech shares in US were also hit hard due to worries about increased
regulatory scrutiny of drug prices.
The European markets ended negative led by concerns over China which returned to
the forefront after the nation released some disappointing economic data. Worries
over China prompted further weakness in commodity prices.
The Indian markets ended in red yesterday ahead of the Reserve Bank of India
policy review today at 11 am. The central bank is expected to cut its key repo rate by
at least 25 basis points but investors focus would be on the tone of the cen
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