Indian markets are expected to open on positive note tracking the SGX Nifty and
most its Asian peers.
Extending the rally seen in the previous session the US markets closed higher mainly
on the news that China Central Bank had unexpectedly lowered interest rates.
Additionally the markets also reacted to strong quarterly numbers reported by tech
companies after the close of Thursday trading session.
European stocks also extended gains for a second day on expectations of European
Central Bank (ECB) considering expanding its stimulus program in December and
on news of Chinese rate cut.
Indian Markets closed in the positive territory and snapped its twoday loosing streak
as it mirrored global market reaction to positive news flow from Europe.
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