Indian markets are likely to open positive tracking global indices and SGX Nifty.
U.S. Stocks mostly higher over the course of the trading session yesterday after initially showing a lack of direction. The strength on the day lifted the Nasdaq to another new record closing high while the Dow and the SP 500 both rose to their best closing levels in nearly three months. The Dow Jones surged by 1.4% to 25146 and the Nasdaq climbed up by 0.7% to 7689.
U.K. stocks rose on Wednesday as higher oil and copper prices helped lift resource stocks and Smurfit Kappa said it expects fullyear earnings to be materially better than last year. Miners Anglo American and Antofagasta as well as energy major Tullow Oil jumped around 2 percent each. The benchmark FTSE 100 was up by 0.3% at 7712.
On domestic front Indian shares finished sharply higher yesterday as investors took the RBI rate hike decision in their stride. After maintaining status quo for four straight meetings the Monetary PoDownload Full Report