Indian markets are likely to open positive taking global cues.
US markets gained on Thursday after weak U.S. retail sales data undermined the
argument that the Federal Reserve will raise interest rates next week.
European markets closed broadly up on Thursday after the Bank of England kept
rates at 0.25% and announced there would be no change to its £70 billion (92
billion) quantitative easing program.
Indian markets rose for a second consecutive session on Thursday even as the
underlying sentiment remained cautious amid the oil price downturn and concerns
over the global central banks ability to stimulate growth through ultraeasy
monetary policies.
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