Indian markets are likely to open flat with a positive bias tracking SGX Nifty.
U.S. markets closed higher after hitting alltime highs on Friday as the technology
sector led while investors parsed through key employment data. U.S.
The European markets ended Fridays session with mixed results but the majority
finished with slight gains. The markets were locked in a narrow trading range
throughout the day and did not stray too far away from the flat line in either
Indian Market fell slightly on Friday as IT stocks continued to come under selling
pressure ahead of quarterly results beginning next week. Profit booking after
Thursdays rally weakness in the rupee in the evening trade and sluggish cues from
European markets also dented investor sentiment.

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