Indian markets are expected to open on a flat note tracking the SGX Nifty and positive global cues.
US indices ended positive although well off the days highs as the Fed comments continued to help markets. Traders keenly await the jobs report to be released today for further cues on the rate hike.
European markets rallied sharply as investors reacted to the Fed comments indicating interest rate hikes could be more gradual.
Indian shares rallied and the rupee hit a near threemonth high as Federal Reserve Chair Janet Yellen struck a cautious stance on the outlook for U.S. interest rates and the Reserve Bank of India (RBI) hiked foreign portfolio investor (FPI) investment limits in central and state government securities. Bank Nifty rose sharply after Vijay Mallya submitted a repayment plan of Rs4000cr to the Supreme Court.
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