Indian market is expected to open on a positive note tracking the SGX Nifty.
The US markets were closed for trading on account of the Thanksgiving holiday.
The FTSE closed slightly higher on light trading volume. Insurer Direct Line Insurance Group PLC rose 2.8 percent after it was upgraded by Morgan Stanley. Ashtead Group PLC also rose 2.5 percent after its credit rating was upgraded by Moodys.
Indian stocks gave some of the gains from the previous sessions on both a weak rupee as well the expiry of the November derivative contracts. Pharma index reversed its yesterdays gains and was down by 1.57 percent. Metal index continued its rally from yesterday and was up by 1.26 percent. Low interest of traders in rolling over their derivative positions also indicates that interest is likely to remain lower in view of the greater uncertainty surrounding the effect of demonitisation on companies and market sentiment.
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