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Indian markets are expected to open in the red tracking the SGX Nifty and weak Asian cues. US markets ended on a mixed note with the Dow and SP rising half a percent while the tech heavy Nasdaq declining half a percent. Traders continued to react to the latest earnings with the broader markets trading lackluster. European stocks continued its decline for the second day after a three day rally earlier in the week ahead of the ECB meet. Auto stocks took a beating after investors feared that the emission scandal could spread to more car makers. Indian markets ended the week with marginal losses reflecting the weak global cues as the ECBs April policy meeting offered no surprises and a slew of disappointing earnings from U.S. bluechip companies pushed investors into a defensive mode after recent gains on the back of a rally in commodity prices.Download Full Report