Tuesday, May 8, 2012

Indian stock market and companies daily report

Indian markets are expected to open flat with a slightly negative bias. Most of the Asian markets are trading in the positive zone. However, SGX Nifty is trading marginally lower, down 0.1%. U.S. markets showed a lack of direction during trading on Monday as traders expressed uncertainty about the situation in Europe following recent French presidential election results. The markets recovered from weakness seen in early trade but ended the day nearly flat. European markets remained cautious due to the uncertainty about the European debt crisis after the elections. The situation in Greece is currently seen as a greater risk than the outcome of French presidential election.

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