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21 May, 2018 16:28 IST
Markets likely to trade in positive zone: Angel Broking
Source: IRIS | 16 Jun, 2017, 08.57AM
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Indian markets are likely to trade in positive zone tracking the SGX Nifty and Asian markets, said Angel Broking in its report.

Following the mixed performance seen in the previous session, US markets moved mostly lower during trading on Thursday. The major averages regained ground after an early move to the downside but remained stuck in negative territory. The weakness on Wall Street came as traders continued to digest the Federal Reserve's decision to raise interest rates by a quarter point on Wednesday.

The European markets ended Thursday's session solidly in negative territory, adding to the losses of the previous session. Investors had their first opportunity to react to yesterday's announcement from the Federal Reserve. The Fed not only hiked interest rates, but stated that they are planning one more rate hike this year. The hawkish tone of the central bank has traders concerned, as U.S. economic data has been weak of late.

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