Indian markets are likely to open flat with a positive bias tracking SGX Nifty and
global cues.
U.S. equity markets closed mixed on Friday supported by hopes of a longawaited
tax reform plan and boosted from speeches by Federal Reserve Chair Janet Yellen
and European Central Bank President Mario Draghi. The Dow Jones Industrial
Average edged higher for its first weekly gain in the last three weeks. The SP 500
Index posted a modest gain while the NASDAQ Composite finished slightly lower.
The European markets were stuck in a sideways trend throughout Fridays session
and ended the day with small losses. Traders were reluctant to make any major
moves ahead of speeches from the leaders of the major central banks at their
annual meeting.
On domestic front Indian markets closed marginally higher on Thursday led by
gains in pharma and IT stocks ahead of a key meeting of central bankers beginning
later in the day.
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