Indian markets are likely to open on positive note tracking the SGX Nifty and Global
markets.
The SP 500 index gained 0.03% to finish at a fresh alltime high of 2015 buoyed
by gains in consumerstaples consumerdiscretionary and materials stocks while
real estate fell. The Nasdaq Composite added 0.08% to end at 6210.However the
Dow Jones Industrial Average closed 0.01% lower at 21080.
The FTSE ended with an alltime high as the pound dropped to a onemonth low
after a poll showed a further narrowing of the ruling Conservative Party lead
before the country general election. The FTSE added +0.40% to close at 7548.
The indian markets witnessed a historic day as benchmark indices clocked fresh
record highs with the Sensex clocking 31000 for the first time ever along with the
Nifty at 9600. The Nifty Bank also hit a record high during the Fridays trade.
Private sector banks fired on all cylinders along with midcaps metals as well as auto
stocks. Meanwhile pharma
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