According to Angel Broking, markets are expected to open positive tracking the SGX Nifty and global markets.
Angel Broking’s market report:
Indian markets are expected to open positive tracking the SGX Nifty and global markets.
Stocks in US moved sharply higher over the course of the trading day. buying interest was generated in reaction to strength among Chinese stocks, which surged higher in the latter part of the trading day. The European markets ended Tuesday's session in the green with Eurozone economy growing more than initially estimated in the second quarter. GDP advanced 0.4 percent sequentially after rising 0.5 percent a quarter ago. Also German exports rose 2.4 percent month-on-month in July, which was the fastest growth since December 2014.
The Indian markets rebounded strongly from initial losses on Tuesday, buoyed by late recovery in Asia and a strong opening in European markets. Sentiment was further bolstered after Moody's Investors Service said India's current account deficit is likely to remain low supported by declining oil prices and the direction of economic recovery would remain positive despite a slow recovery in industrial output.
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First Published on Sep 9, 2015 09:09 am