The highlight yesterday was S&P downgrading the UK from a rating of AAA to AA and gave a negative outlook. This downgrade might affect the Europe. The International markets were falling yesterday on UK downgrade. The South Korean stimulus of $8.5 Billion has resulted in Asian markets rising in the morning.

Nifty is expected to open 24 points gap down at 8070, as per SGX at 8:30 am IST. Today would be a wait and watch day for Nifty as the markets would be reacting to the UK downgrade and the Stimulus by South Korea.