Indian markets are likely to open positive tracking global indices and SGX Nifty.
U.S. stocks moved mostly higher over the course of yesterdays trading day after recovering from an initial move to the upside. The Dow Jones inched up by 0.2% to 25120 and the Nasdaq climbed up by 0.6% to 7855.
U.K. stocks were flat to slightly higher on Tuesday as investors watched oil price movements and the latest employment data came in pretty much in line with expectations. Employment level set a fresh record in the three months to May and unemployment was unchanged yet pay growth eased to its lowest in six months figures from the Office for National Statistics showed. The benchmark FTSE 100 was up by 0.3% to 7626.
On domestic front Indian shares rose yesterday as reports of capital infusion helped lift banking stocks and a sharp fall in oil prices overnight spurred a rally in the oil sector. Weak cues from Asia and Europe served to limit the upside in the broader market. The BSE SenseDownload Full Report