Indian market is expected to open on a flat note tracking the SGX Nifty.
The US markets continued it’s up move albeit at a lower scale and touched new high
on Tuesday. Financial services and telecom stocks witnessed buying interest during
the day. Though crude oil slipped in trading during the day overall mood among
investors and traders continued to be positive.
Majority of the European markets closed the day on a positive note. After a weak
start and some choppy trading action the market advanced in the afternoon.
Banking stocks were in favor and witnessed buying during the day.
Indian markets remained on positive territory for most of the day on Tuesday and
closed marginally up. Steady global markets helped in stability in the Indian
markets. However traders and investors seems avoided from taking big positions
ahead of crucial RBI monetary policy. We believe a rate cut is very much on card;
however what is more important is also to watch is the RBI commentary on the

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