Indian markets are expected to open in positive tracking the SGX Nifty and the Asian cues.
U.S. stocks rallied Monday on renewed hopes that the Federal Reserve will delay raising interest rates. The recent readings on the U.S. economy could force the Fed to wait until next year. The Institute for Supply Management released a report on non manufacturing index showing that growth in the service sector slowed by more than expected.
The European markets ended the first session of the week with strong gains. The markets pared their early gains on Friday following the release of the weaker than expected U.S. employment report for September.
The Indian markets rallied on Monday with key benchmark indexes surging over 2 percent on the back of strong global cues. Weak U.S. jobs data for September downward revisions to the prior two months and disappointing factory orders figures helped push back expectations of an interestrate rise into next year.

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