Indian market is expected to open on a positive note tracking the SGX Nifty and
strong global markets.
The US markets continued it up move and reached new highs on broad based
buying. After initially showing a lack of direction stocks moved sharply higher over
the course of the trading session on Wednesday. The strength in the market can be
attribute to the expectations of positive out come from European Central Bank monetary policy announcement.
The European markets also closed on a strong footing. The European Central Bank
is expected to extend its asset purchase program beyond March 2017 amid the
recent political turmoil in Europe following the referendum in Italy. Next week Fed
policy also remains on focus where it is widely expected that rates will be hiked.
Indian markets had been waiting for a relief from RBI in the form of rate cuts.
However in today policy keeping the rates unchanged the RBI has surprised the
street. With deposit base rising substantially banks ha

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