Indian stock market is likely to open in the red following its global peers after US Fed Chairman Jerome Powell pointed towards a grim US outlook.
US Markets closed in the deep in the red while Asian markets are trading trading in the red on May 14.
Equity market in India is likely to open in the red as trends in the SGX Nifty indicate a 145 points loss. The Nifty futures were trading at 9,246 on the Singaporean Exchange around 07:30 hours IST.
A big-bang announcement of Rs 20 lakh crore stimulus by the Prime Minister Narendra Modi lifted market sentiment on May 13 as the Sensex and the Nifty closed 2 percent higher.
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