Indian markets are likely to open flat and remain in positive bias tracking SGX
NIFTY and global markets.
The US markets closed strongly on the back of surging crude oil prices. All the key
indices of US markets closed at new high backed by better than expected results
from several of the country’s department stores.
The FTSE closed at 14 months high surpassing 6900. A set of MA news helped
strong buy across the board and markets closed strong. Other European indices like
DAX and CAC also closed in positive territory.
The Indian markets witnessed some positive move backed by short covering. After
two days of weak markets bargain hunting helped some relief for market
participants.
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