Indian markets are expected to open in the green tracking the SGX Nifty and weak Asian cues.
US markets closed marginally higher led by recovery in oil prices. Crude priced inched up after the EIA said that crude oil inventories increased by 3.9 million barrels in the week ended March 4th in line with consensus estimate. Overall trading activity however remained subdued.
European markets opened higher on the back of rising crude oil prices and stimulus hopes ahead of the ECB meet today. However cautiousness ahead of the meet resulted in the gains being paired in the second half and markets closing marginally higher.
Indian markets recovered during the course of the day after opening in the red as oil and metal prices recovered after sharp overnight losses and recovery in European markets.
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