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Indian markets are expected to open positively tracking the SGX Nifty and some of its Asian peers. US markets rallied for the second consecutive day led by buying in the recently battered sectors such as finance and technology. European markets closed mostly lower as a decline in commodity prices and mixed earnings news offset positive sentiment surrounding the latest comments from the European Central Bank. Indian markets ended in the red dropping by about 2%. Weak global cues with the European markets reversing intraday gains resulted in weakness in the domestic markets.Download Full Report