Indian markets are likely to open on positive bias tracking Global markets.
The SP 500 and Nasdaq Composite closed at fresh records as U.S. stocks
advanced for a sixth straight session thanks in part to big gains in shares of Best
Buy after quarterly results. The DJIA gained 0.3% to close at 21083.The SP 500
index rose +0.44% to finish at 2415.07 after setting an intraday record of
2419.The Nasdaq Composite added +0.7% to end at 6205.The US indices ended
up helped by yesterday’s release of the [Federal Open Market Committee] meeting
minutes which suggested there will be a very gradual and thoughtful balance sheet
normalization process.
The U.K. market ended slightly higher on Thursday as the impact from a weaker
pound outweighed a drop for energy companies after OPEC agreed to extend
output curbs. The FTSE 100 ended with gain of less than +0.1% to end at 7518.
The Indian markets had a roaring day with the Benchmark Sensex hitting new highs.
Strong global cue

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