Indian markets are likely to open flat with positive bias tracking the SGX Nifty and Asian markets.
US stocks reacted positively to a strong jobs report. US nonfarm payroll employment increased by 211000 in April against an expectation of an increase of 185000. The unemployment rate moved lower to 4.4 percent in April from 4.5 percent in March. The unemployment rate had been expected to increase to 4.6 percent. The unemployment rate has fallen to its lowest level since May 2007.
UK stocks reacted positively to a strong jobs report from the US. European markets also reacted positively to opinion polls which showed Emanuel Macron having a strong lead over Le Pen. UK Retail sales saw Aprils YoY sales grow just 1.9 percent the BDOs High Street Sales Tracker report said.
Indian markets fell on weak commodity prices as well as uncertainty over the new ordinance regarding NPA in the domestic banking system. Reliance Industries ONGC and Oil India lost 23 percent after oil prices fell

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