Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
25 November, 2017 16:35 IST
Markets likely to open flat: Angel Broking
Source: IRIS | 09 May, 2017, 08.49AM
Comments  |  Post Comment

Indian markets are likely to open flat tracking the SGX Nifty and Asian markets, said Angel Broking in its report.

US stocks had a choppy trading session as lack of economic data led to traders staying on the sidelines. Biotechnology stocks saw considerable weakness, with the NYSE Arca Biotechnology Index closing down by 2.7 percent. Steel stocks also lost ground with the NYSE Arca Steel Index dropping by 1.2 percent on weak commodity prices.

UK stocks closed flat as the positive news of the French elections was tempered by weak commodity and local housing prices. U.K. house prices slid 0.1 percent MoM in April after staying flat in March. This was the first decrease in three months. Miners Anglo American, Antofagasta and Glencore fell by over 2 percent each as commodity prices continued to remain weak.

Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Expert Speak
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer