Indian market is expected to open on a positive note tracking the SGX Nifty and
strong global markets.
Following the rally seen in the previous session stocks saw some further upside
during the day on Thursday and the US markets continued it upward move. With the
continued strength on Wall Street all three of the major averages reached new
record closing highs. The higher close on Wall Street came on the heels of the
European Central Bank highly anticipated monetary policy announcement.
The European markets were largely flat in early trade on Thursday ahead of today
announcement from the European Central Bank. However they broke out higher
after the central bank surprised the markets. The ECB announced that bond
purchases will be extended till the end of next year which is longer than expected.
After reacting negatively to the RBI’s policy the Indian markets looked back at
global cues and witnessed strong buying interest across board. Rate sensitive stocks
which had w

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