Technology

Indian markets are expected to open on a Positive note tracking the SGX Nifty and
most Global markets.
US markets moved sharply higher and closed yesterdays session on a positive note
on encouraging U.S. factory and construction data which indicated that the US
economy was regaining momentum. The major averages reached their best levels in
almost two months.
European shares rose yesterday on positive economic data release from the US. The
weakness in Euro also boosted Auto stocks across Europe. Also investors are
expecting further quantitative easing measures being announced in the upcoming
European Central Bank meeting which possibly added to the positive sentiment.
Indian markets posted its biggest daily gains in nearly two years after expectations of
an imminent interest rate cut triggered heavy short covering across the board.

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