Indian markets are likely to open positive tracking SGX Nifty.
U.S. Markets closed mixed on Wednesday with a postU.S. election rally slowing
down as financials dropped more than 1 percent.
The European markets ended Wednesday session in negative territory. Following 2
days of gains investors took the opportunity to cash in some profits. Traders also
turned more cautious ahead of Federal Reserve Chair Janet Yellen testimony
before the U.S. Congress which will begin on Thursday.
Indian markets erased early gains to end on a flat note on Wednesday as rate cut
hopes were tempered by weak cues from Europe and a heated political debate in
Parliament over scrapping of 500 and 1000 rupee notes.
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