Indian markets are expected to open on a flat to negative note tracking the SGX
US markets ended in positive after showing a lack of direction in the start of the day.
The strength was partly due to bargain hunting since traders picked up stocks at
lower levels following recent weakness. Traders are now looking forward to the
release of the closely watched monthly jobs report which could have a significant
impact on the outlook for whether the Federal Reserve will raise interest rates at its
next meeting in June.
The majority of the European markets ended with modest gains. Markets in Greece
Ireland and the U.K. were closed for public holidays. Eurozone manufacturing
growth improved marginally in April. The factory Purchasing Managers Index rose to
51.7 in April from 51.6 in March and also over the survey average of 51.4.
Indian shares fell on Monday with mixed global cues disappointing Q4 results and
sluggish manufacturing data. The benchmark BSE Sensex hit a th

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