As mkts rally, here are cues why India can add to the party

Global markets continued their surprising rally overnight and look poised to take India along for the ride today as well. But the higher global equities have climbed the more skeptics it has attracted. So has the rally found widespread support among investors and market analysts alike? Read on for more.

US Markets

There is no keeping the bulls down. Wall Street kick started the month on a positive note following better than expected economic data. The Dow and Nasdaq Futures rose 0.2%.

Listen in:Market can go higher because of strong cues

US Economic Data

According to the ADP National Employment report, private employers added 170,000 positions in January. US construction spending surged to its highest level in more than one - year in December and manufacturing growth in January accelerated to its best performance in seven months.

Data to Watch

Weekly jobless claims are expected to fall to 370,000. Non-farm productivity may come in weak at 0.8% while unit labour costs could see a rise to 1%. Keep a lookout out for the challenger job cut report and chain store sales data. US Federal Reserve Chairman Ben Bernanke will address the US House of Representatives on the economic outlook and the Federal budget situation today.

European Markets

European markets closed at six-month highs, after news that Germany