SGX Nifty indicating a marginal negative opening for the Indian equities.
Govt considering allowing 100% FDI in telecom via automatic route and aims to finalize National Telecom Policy by March.
Global markets
Major Asian markets are trading mixed at present with Shanghai Composite down 0.38%, Hang Seng up 0.28%, while Nikkei is trading 0.37% lower.
US Markets: In yesterday’s trading session, stocks witnessed a sideways consolidation before ending the day marginally lower.
The Dow dipped 0.1% to 24,726.65, the Nasdaq edged down 2.89 points or less than a tenth of a percent to 6,960.96 and the S&P 500 slipped 0.1% to 2,679.25.
The choppy trading on Wall Street came as traders shrugged off news that Republican lawmakers managed to pass the sweeping tax reform bill. The House voted in favor of a similar bill on Tuesday but needed to re-vote due to procedural issues related to the reconciliation process.
European markets also closed in the red yesterday with FTSE down 0.25%, CAC down 0.56% and DAX ended 1.12% lower.
FII /DII Data: In yesterday’s session, FII’s sold FII’s sold 1505 crores stock whereas DII’s bought 146 crores worth of stock.
In the derivative market, FII’s sold 347 crores of Index futures and bought 1628 crores worth of Index options.
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