Indian markets are expected to open marginally positive tracking the SGX Nifty and its Asian peers.
US stocks recovered to close marginally in the red after a weak opening as traders booked profits after strong gains posted last week. Trading volumes however remained low led by the year end holiday season.
European markets also closed marginally lower as markets opened after the Christmas weekend. This will be a curtailed week as FTSE of the UK remained shut yesterday on account of boxing day while markets would be shut on New Year day on Friday resulting in curtailed volumes. Weakness in commodity prices especially in crude oil weighed on investor sentiment today in the absence of any major economic data. The drop in the Chinese stock market also contributed to the negative mood.
Indian shares ended slightly higher despite weak global cues and low FII volumes. The broader markets however traded on a flat note. Healthcare and utility stocks rose sharply while telecom and me
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