Indian markets are likely to open in green and maintain positive traction tracking the SGX Nifty global cues.
Following the lackluster performance seen over the past few sessions US markets continued to show a lack of direction during trading on Tuesday. The major averages spent the day bouncing back and forth across the unchanged line. The choppy trading on Wall Street came as traders looked ahead to the Federal Reserves monetary policy announcement on Wednesday.
The European markets ended Tuesdays session with modest gains. Investor sentiment received a boost from the news that Greece has agreed to a bailout deal. Upbeat economic data also contributed to the positive mood among investors. British manufacturing activity expanded at the sharpest pace in three years and Eurozone manufacturing activity also expanded at the fastest pace in six years.
Indian markets fluctuated before closing on a flat note on Tuesday even as upbeat auto sales figures and manufacturing PMI data painte

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