Market Cues
Indian markets are expected to open flat tracking the SGX Nifty and Asian peers.
U.S. markets closed in the red as downbeat housing data raised concerns about the
economy. The National Association of Realtors' pending home sales index fell by
0.9% in November, as against expectations of an increase.
European markets too declined led by further drop in commodity prices leading to a
drop in energy and metal/mining stocks. Trading activity remained light across both,
US and Europe ahead of Friday's New Year's Day holiday.
Indian markets closed lower led by some selling pressure ahead of the F&O expiry,
in the absence of any other major trigger. Volumes continued to remain low led on account of the holiday season.
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