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Indian markets are expected to open on a Flat note tracing SGX Nifty and Global
cues.
U.S. stocks rallied for third consecutive session on Thursday as investors anxiety
about Britains vote last week to leave the European Union eased. Markets also
reacted positively to speech by Bank of England Governor Mark Carney hinting at
providing further monetary stimulus.
European shares rose for a third straight session yesterday as investors widely expect
central banks to cut interest rates and ramp up bond buying in order to ease fears
over Britains vote to exit EU.
Indian shares closed higher for a fourth consecutive session bouncing back to its
preBREXIT levels on Thursday. The recovery is believed to be on the back of
improving prospects of domestic economy hopes of good monsoon and clearance
of the GST bill in next parliament session.

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