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23 May, 2017 16:21 IST
Markets likely to open negative: Angel Broking
Source: IRIS | 18 May, 2017, 08.58AM
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  Indian markets are likely to open negative tracking the SGX Nifty and Global markets, said Angel Broking in its report.

The US markets closed sharply lower during the day. The Dow Jones tumbled 373 points one of the biggest fall in nearly one year, while the Tech heavy NASADQ fell by 158 points. The sell off on Wall Street Came as ongoing political turmoil in Washington further offset optimism about President Donald Trump's ability to implement tax reforms and deregulation. Financial stocks were under pressure during the day and the Dow Jones Banks Index fell 4%. Also considerable weakness was visible in the semiconductor stocks.

The European markets also ended the day in negative territory. The markets began the day in red but accelerated lower in the afternoon due to weak opening in the Wall Street. Financials and cyclical stocks were the hardest hit during the day. Investor's sentiment was negatively impacted by the growing political turmoil in the United States.

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