Indian markets are expected to open positive tracking SGX Nifty.
The US markets opened weak on Wednesday; however bargain haunting pulled
back the indices and the broader market closed in positive territory.
European markets closed weak on Wednesday among fresh weakness in BGP and
concerns over Britains exit from EU continues to impact the investor sentiments.
Weak German data also contributed to the weakness in the markets.
Indian markets closed down on Tuesday after successive gains in the previous
trading days. Though there was no broad based selling auto stocks saw some selling
pressure. With results for Q1FY17 likely to start flowing in from next week markets
will be focused on them rather than global events. However after sharp rebound the
European markets have turned weak again after GBP weakened further.

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