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Indian markets are expected to open positive tracking the SGX Nifty and global
markets.
Stocks in US moved sharply higher over the course of the trading day. buying
interest was generated in reaction to strength among Chinese stocks which surged
higher in the latter part of the trading day.
The European markets ended Tuesdays session in the green with Eurozone economy
growing more than initially estimated in the second quarter. GDP advanced 0.4
percent sequentially after rising 0.5 percent a quarter ago. Also German exports
rose 2.4 percent monthonmonth in July which was the fastest growth since
December 2014.
The Indian markets rebounded strongly from initial losses on Tuesday buoyed by
late recovery in Asia and a strong opening in European markets. Sentiment was
further bolstered after Moodys Investors Service said Indias current account deficit is
likely to remain low supported by declining oil prices and the direction of economic
recovery would remain positive de

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