Indian markets are likely to open positive tracking the global cues.
The US markets ended the day with solid gains on Thursday as investors welcomed
a deluge of strongerthanexpected corporate earnings reports and economic data.
Comments by Treasury Secretary Steven Mnuchin who said that President Donald
Trumps tax overhaul plans are not linked to the outcome of a health care bill also
bolstered sentiment. The Dow Jones Industrial Average gained 0.9% to end at
20579 while the Nasdaq Composite rose 0.9% to a record close of 5917.
The UK markets ended a wobbly session slightly higher on Thursday after a mixed
bag of corporate results including wellreceived earnings from consumer giant
Unilever PLC. The FTSE 100 index rose 0.1% to close at 7118 bouncing back from
the lowest close since Feb. 1 that it logged on Wednesday.
The domestic benchmark indices settled higher on Thursday as investors picked
beaten down counters such as TCS and Infosys while recovery in Asia
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