Indian markets are expected to open positive tracking the SGX Nifty and Asian
US indices ended the day in positive territory with energy stocks leading the way
higher. The strength on Wall Street was partly due to a substantial increase by the
price of crude oil which climbed further off its recent lows. Crude for February
delivery jumped 1.36 to 37.50 a barrel amid the release of a report unexpectedly
showing a sharp drop in crude oil inventories.
The European markets ended Wednesday session with strong gains. A bullish oil
price forecast from OPEC provided a boost to energy stocks. OPEC said it expects
the price of its crude oil to rise back toward 70 a barrel by 2020.
Indian markets ended positively led by global cues coupled with a firmer rupee
encouraging current account data and optimism about the progressive nature of the
new bankruptcy code lifted Indian shares to nearly threeweek highs on Wednesday.
The Insolvency and Bankruptcy Code has been referred

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