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Indian markets are likely to open positive tracking the SGX Nifty and global cues.
US stocks rallied strongly on Wednesday as stocks reacted positively to President
Trumps address. The Institute for Supply Management stated that its purchasing
managers index climbed to 57.7 in February against an expectation of 56.4.
Financial stocks saw substantial strength with the Dow Jones Banks Index increasing
by 3.2 percent to a nineyear closing high.
UK stocks had strong session as the markets reacted positively to President Trumps
pledge to spend 1tln on infrastructure as well as tax relief for the middle class.
British manufacturing sector expanded at the slowest pace in three months in
February. The Markit/CIPS purchasing managers index dropped to 54.6 from 55.7
in January.
The Indian indices rallied during Wednesdays session on better than expected Q3
GDP data. The Metal index closed up 1.91 percent on improving macroeconomic
conditions and investor sentiment. The Oil and Gas

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