Indian markets are likely to open positive tracking global indices and SGX Nifty.
U.S. markets slumped Monday despite a strong performance for the month spurred
by healthy corporate results and growing optimism in the strength of the global
economy. Treasuries slid and the dollar added to its biggest monthly retreat since
January.
European markets turned in a mixed performance on Monday as HSBC Holdings
announced a share buyback and mining stocks rallied after strong manufacturing
data from China. On the economic front Eurozone inflation held steady at 1.3
percent in July official data showed helping ease pressure on policymakers to
tighten monetary policy.
Indian markets rose notably on Monday amid hopes that the Reserve Bank of India
will cut interest rates by 25 bps when it reviews its monetary policy on August 2.
Positive cues from Asia and Europe also aided investor sentiment.
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