Indian markets are likely to open with a flat to positive bias tracking the SGX Nifty.
US stocks closed flat as investors booked profits after yesterdays rally. A report from
the Labor Department stated that firsttime claims for unemployment benefits saw a
modest decrease in the week ending March 11th. Initial jobless claims edged down
to 241000 against expectations of 240000. Biotechnology stocks traded weakly
and NYSE Arca Biotechnology Index down by 1.3 percent. The Dow Jones Utilities
Average fell by 1.3 percent giving up most of its gains from the previous session.
UK stocks closed positive as investors cheered the result of the Dutch election. The
result is viewed as a rejection of populism and litmus test of the direction of French
and German voters. Mining stocks rallied strongly on higher commodity prices and
a weaker dollar. Vedanta Resources jumped 8.33 percent on news that promoter
Anil Agarwal will invest 2.44bln for a 13% stake in Anglo American.
Indian m

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