Indian markets are likely to open positive tracking global indices and SGX Nifty.
US stocks moved sharply higher during trading on Tuesday reflecting optimism about a potential U.S.China trade deal on top of a nearterm interest rate cut by the Federal Reserve. The major averages ended the session at their best closing levels in well over a month. The Dow and the Nasdaq surged by 1.4 percent each to 26466 and 7954 respectively.
U.K. stocks moved higher yesterday ahead of the meeting of the latest U.S. Federal Reserve. Markets have nearly priced in hopes for a rate cut eventually since the Fed chairman made remarks on June 4 suggesting a lower rate. The FTSE 100 was up by 1.2 percent to 7443.
On domestic front Indian shares rose slightly on Tuesday to snap a fourday losing streak with firm cues from Asia and Europe lending some support after ECB President Mario Draghis comments reinforced investor expectations for more stimulus in the coming weeks. During the trading
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