Indian Markets are expected to open on a Positive note tracking the SGX Nifty and
Global Markets.
US Markets closed higher Thursday as oil prices rebounded from its lows and job
data indicated a tightening labor market. Oil prices came under pressure after
OPEC countries failed to reach an agreement to cap oil production but later
recovered after Energy Information Administration said that stockpiles and
production both declined. Markets also improved on reports from payroll processor
ADP where employment rose by 173000 jobs in May against 166000 in April and
on decline in Initial Jobless Claims.
European markets ended Thursdays session on a mixed note. Oil and gas shares
were the top losers as OPEC failed to change its output policy. Markets awaited
announcement from ECB where interest rates as expected were kept low and
quantitative easing was left unchanged.
Indian shares rose on Thursday on late rally by index heavyweights. Markets also
reacted positively to comme

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