Indian markets are likely to open in positive note tracking SGX Nifty and Global
The European markets closed with strong gains as the Bank of England cut its main
lending rates to 0.25% from 0.50%. This is the first rate cut by the BOE after 2009
and the has signaled for a further rate cut by the end of this year. Accordingly the
rates going ahead will be close to but little above zero. Further the bank has
increased the bond buying program (quantitative easing by 60 Bn Pound) to 435 Bn
The US market closed flat ahead of key data that is the july job data. As per a poll
the median estimates are addition of 188000 jobs.
The Indian markets remain volatile during Thursday and closed with a marginal
gain.Thoug in a historic move the Rajya Sabha passed the GST amendment bill
market participant remains sidelined and there was lack of buying both.

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