Indian markets are expected to open positively tracking the SGX Nifty and the Asian
peers.
US stocks extended gains after minutes of the Fed meeting indicated it may hold
rates for now. Further the disappointing jobs data also reaffirmed Fed’s decision to
keep status quo. The markets ended 3.3% higher in the week making it the best
weekly gains in 2015.
European indices ended higher after a rally in the global stocks and oil prices
following the US Fed’s decision to keep interest rates unchanged. The rally was also
fuelled by mining companies post announcement by Glencore stating it would curb
zinc production.
Indian shares closed in the green amid strong global cues. Global markets rallied
after the US Federal Reserve meeting which suggested that the central bank will
postpone the rate increase. The Fed has held its benchmark interest rates near zero
since December 2008 which encouraged investments in the emerging markets.
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