After witnessing sharp rally post budget Indian markets are likely to open flat with a
positive bias tracking SGX Nifty.
US markets closed on a mixed note after not after seeing a initial strength during the
day. While the Dow Jones remained flat the NASADQ closed on strong note on the
back of strong results from tech stocks.
The UK markets closed flat on mixed economic news. British manufacturing growth
remained strong at the start of the year with the Markit/CIPS purchasing managers
index reported at 55.9 in January. However U.K. house prices rose at a slower pace
in January than December and Shop prices in the United Kingdom were down 1.7
percent YoY in January.
Indian markets rallied strongly on Wednesday as markets cheered the new Budget.
The budget did not carry any negative shocks and had some mild surprises that put
investors at ease. Most sectors rallied strongly with realty leading the market after
the Finance Minister announced that Affordable Housing would b

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