Global cues positive, Nifty to open in green

Our markets are set to open up and we are set to open up with some green, so that is good news. Remember in yesterday’s trading session we ended with a gain and in fact we ended at virtually the high point of the day. Now what has happened overnight is that we have got a lot of economic data that has come in from the United States. We had retail sales numbers, we had industrial production numbers, Producer Price Index (PPI) numbers as well and good news is all of them were below what the street was estimating. So, now the chances of the Fed hiking rates next week that has diminished and now couple of studies have indicated that now there is only a 12 percent chance of the Fed going ahead next week and in fact hiking interest rates.Watch accompanying video for more...