''Indian markets are expected to open in the positive territory on the back of positive Asian cues driven by FOMC's minutes that confirmed no urgency in policy tightening. In the near term, markets will be driven by global news flows before the onset of Q2 earnings season,'' said ICICIdirect.

Domestic markets ended negative on the back of weak global cues, a sharp rebound in oil prices overnight, weakness in the rupee and the IMF's warning concerning emerging markets prompting traders to lock in some profits.

US markets ended positive as traders reacted positively to the minutes of the Fed's September meeting, which further offset recent uncertainty about the outlook for interest rates.

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