Indian markets are expected to open on a flat note tracking the SGX Nifty.
US markets closed marginally higher led by Morgan Stanley who is currently undertaking buy back of its shares.
European stocks ended in the red in the wake of currency devaluation done by the Chinese government.
Indian markets rallied posting gain of about 2% after the wholesale price index (WPI) slipped further into the negative zone thereby raising expectations that the Reserve Bank of India would announce a rate cut.

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