Indian markets are likely to open positive tracking the global cues.
The US markets closed in red yesterday succumbing to a negative earnings reaction
for Dow stock IBM. Steep declines from oil major Chevron further put pressure on
the Dow Jones index which closed 119 points down to 20404. Meanwhile Nasdaq
advanced 14 points to 5863.
The UK markets on Wednesday finished with losses as investors digested a
parliamentary vote that confirmed Britain will hold an early general election in June.
The FTSE shed 0.5% to end at 7114. The fall on Wednesday means the benchmark
lost its yeartodate gain and it’s now down 0.4% for 2017.
A normal monsoon forecast by IMD kept the hope factor alive for stocks today as the
Sensex closed marginally higher after four days of losses in the face of muted
corporate results so far. The Nifty however ended in the red amid a recovery in
Europe. BSE Sensex closed higher by 17 points or 0.06% to 29337 while the Nifty
50 fell 2 points or
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