Indian markets are expected to open in positive tracking the SGX Nifty and the Asian cues.
U.S. stocks open in negative but reacted positively to the minutes of the Feds September meeting which further offset recent uncertainty about the outlook for interest rates. The gains on the day extended a recent upward trend with the Dow and the SP 500 reaching their best levels in well over a month.
The European markets ended Thursdays session with mixed results. The markets were under pressure in early trade following the release of another weaker than expected German economic report. Germanys exports declined the most in over six years in August raising concerns over global demand.
Indian shares fell notably on weak global cues a sharp rebound in oil prices overnight weakness in rupee and the IMFs warning concerning emerging markets prompted traders to book some profits after six days of continuous gains. Investors also waited for minutes from the Feds September meeting and speech
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