Indian markets are expected to open in the green tracking the SGX Nifty and Asian
markets.
US markets recovered from their steep losses from the day before. U.S. Energy
stocks climbed as oil prices bounced back from their worst trading session in the last
four months and strong earnings from Verizon lifted the Telecom stocks. Blue chip
stocks did better than the rest of the market.
Rebound in oil prices and positive commentary by ECB president Mario Draghi that
ECB could do more to stimulate the Eurozone economy helped European markets
to end the trading session up 2%. Notably FTSE 350 mining index bounced back
from its 12year lows as Copper prices made modest gains.
Selloff in the Indian equity markets continued for the second consecutive session
with Sensex closing below the psychological 24000 mark for the first time since May
2014. Weak Asian cues and decline in the crude oil prices dampened the sentiment
but recovery in the European markets helped Indian equit
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