Indian markets are expected to open on a positive note tracking the SGX Nifty.
US Stocks closed higher Friday rebounding after an earlier decline as investors
grappled with a disappointing job reports and its impact on the further monetary
policy. Fridays labor department missed expectations showing that companies
scaled back hiring in April adding only 160000 new jobs compared with an
average forecast of 203000. The weaker than expected jobs number sparked
speculation that the Fed likely to stay its hand at raising interest rates over coming
The European markets were in negative territory of much of Fridays session. They
slipped to their lowest level of the session immediately following the release of the
weaker than expected US employment report for April. However subsequently the
market rallied and entered positive territory.
Indian shares remained during Friday and closed marginally low with Sensex closing
down by 34 points. Weak Asian Markets and lack

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