Indian markets are likely to trade in negative zone tracking the SGX Nifty Asian markets.
Extending the lackluster performance seen over the past several sessions US markets showed a lack of direction throughout the trading day on Thursday. 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 release of the Labor Departments closely watched monthly jobs report on Friday.
The European markets ended Thursdays session in the green. Investors reacted positively to the latest batch of corporate earnings reports particularly the numbers from HSBC Adidas and Royal Dutch Shell. Economic data also contributed to the upbeat mood as the euro zone private sector expanded at the fastest pace in six years in April.
Indian shares rose notably on Thursday with banks rallying as ICICI Bank reported an almost threefold increase in March quarter net profit and the Union Cabinet approved promulga

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