Indian markets are likely to open positive tracking Asian markets and SGX Nifty.
U.S. markets closed solidly higher on Wall Street after several companies delivered
positive surprises in their quarterly earnings reports.
European markets ended Tuesdays session solidly in positive territory following
yesterdays pullback. Basic resources including energy and mining stocks turned in
a strong performance as commodity prices rebounded. A weakening of the U.S.
dollar drove commodity prices higher with crude oil prices rising back to around
50 a barrel.
Indian markets rallied sharply on Tuesday with a pullback in the U.S. dollar in
international markets expectations of positive outcome from the GST Council
meeting and hopes of some NPA resolution for banks following the 13billion asset
sale by Essar Oil for paring debt aiding investor sentiment.
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