Indian markets are expected to open positive tracking SGX Nifty and Asian markets.
Oil prices were up on Friday following International Energy Agencys report that
said oil prices have bottomed. Baker Hughes data showed U.S. rigs declined by 6.
US markets closed sharplyup on Friday as oil prices rose and investors took more
positive view of Thursdays European Central Bank announcement on stimulus.
Drillers refiners and energy companies rose sharply on Friday.
U.K. goods trade deficit dropped to seasonally adjusted £10.29bn from deficit of
£10.45bn in December. Plans by ECB to provide ultra cheap loans to banks and
slightly better than expected trade deficit numbers lifted the Banking sector stocks.
Insurance firm Aviva for second day in a row was top index gainer. Mining shares
had risen in early trade on gains in the commodity prices but the sector then lost
ground in later part of trading session.
Markets witnessed good runup on the back of ECB stimulus announcement

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