Indian markets are likely to open in green and may trade in positive zone tracking
global indices.
Following the mixed performance seen in the previous session US markets moved
mostly higher during trading on Wednesday. With the upward move on the day all
three major averages reached new record closing highs. Buying interest was
generated in reaction to a report from the Commerce Department showing a bigger
than expected rebound in housing starts in the month of June.
The majority of the European markets ended Wednesdays session with small gains.
After a relatively flat performance in early trade the markets logged some gains in
the afternoon. Traders were encouraged by some better than expected corporate
earnings reports but remained cautious ahead of tomorrows announcements from
the Bank of Japan and the European Central Bank.
Indian markets ended Wednesdays session on a strong note with firm global cues
and encouraging earnings updates from the likes of Hindustan U

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