Indian markets are expected to open flat to positive tracking the SGX Nifty and its
asian peers.
US markets ended in positive after a relatively lackluster performance. The lack of
direction seen for much of the day came as traders kept a close eye on the price of
crude oil. Traders may also have been reluctant to make any significant moves
ahead of the release of the Labor Department monthly jobs report today.
The European markets ended mixed. A rebound in commodity prices provided a
boost to the markets which aided Mining and energy stocks. However mixed
corporate earnings results and an EC growth downgrade limited gains.
Indian shares snapped a threeday losing streak on Thursday as a rebound in oil
prices helped to revive global sentiment and the rupee edged higher on sluggish
U.S. data and dovish comments from a top Federal Reserve official suggesting the
Federal Reserve will not raise rates again anytime soon.

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