Indian markets are likely to open on positive note after the exit polls by various
agencies have given an indication towards BJP gaining a strong hold in the key
state UP.
The US markets remained subdued and traded in a narrow range for the day and
finally closed on a flat note. Further direction in the US market will be decide by the
monthly job data to be published later today. The European markets also remained
in a narrow range ahead of ECBs decision on interest rates.
Indian markets remained in narrow range for another day. It seems traders
remained cautious ahead of exit poll results to be declared at the end of the day. In
the domestic markets index heavy weight RIL remained very active in trading.

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