Indian market is expected to open flat with positive bias tracking the SGX Nifty.
Dow Jones rose for the fifth consecutive session to move into a positive territory in 2016 for the first time on Thursday capping a strong comeback from Wall Streets one of the worst start to a year. Energy Materials and Industrial sectors rose sharply helped by soaring commodity prices. Crude crossed the 40 barrel market for the first time since Dec 3 2015 aided by hopes of lower output and sharp drop in U.S. Dollar. Also latest economic news being on the bright side aided the positive market movement. Weekly jobless claims rose by 7000 to 265000. Philadelphia activity for the first time unexpectedly turned positive in March showing the first positive sign in last 7 months.
European markets got off to positive start but then quickly reversed falling into a negative territory. Early strength was attributed to rising commodity prices which provided a boost to the Energy and Mining stocks. Howe

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