Indian markets are likely to open flat tracking global indices and SGX Nifty, said Angel Broking in its report.
US markets had a mixed session with tech stocks gaining ground while the broader market slipped lower. The National Association of Realtors (NAR) released a report showing a bigger than expected drop in existing home sales in the month of June 2017. Existing home sales dropped by 1.8 percent against an expectation of a drop of 1.0 percent. The NYSE Arca Gold Bugs Index dropped by 2.4 percent as gold prices weakened by $0.6 to USD 1,254.30 an ounce.
The UK markets fell lower as the IMF announced a cut to its GDP growth forecast. The IHS Markit's household finance index dropped to 41.8 in July from 43.7 in June, signaling a fast deterioration in financial wellbeing for UK households. Airliner Ryanair fell by 1.4 percent after the budget airline said it expects airline pricing to remain under pressure for the second half of the year.
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.