Indian markets are expected to open on a positive note tracking the SGX Nifty and the Asian cues.
The U.S. stocks closed mixed attempting to stabilize after a sharp selloff as commodities recovered slightly but biotech stocks failed to hold gains. The Dow Jones industrial average and SP 500 ended higher while the Nasdaq closed lower. The major averages fluctuated between gains and losses throughout the day.
The European markets ended with mixed results following yesterday sharp decline. Mining tocks regained some ground after weak Chinese economic data yesterday sparked a drop in commodity prices. However pharmaceutical stocks turned in a weak performance due to the weakness in U.S. pharma and biotech stocks.
Indian stocks shrugged off global growth worries to end notably higher after the Reserve Bank of India (RBI) surprised markets with a 50 basis points cut in the repo rate against market expectations of a 25 basis points cut on the back of cooling inflation and the FO

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