''Indian markets may open positive today, on the back of positive global cues. In the near term, markets will react to the Fed Chief's testimony to gradually raise interest rates and the ongoing earnings season,'' said ICICIdirect.

Domestic markets ended modestly in the green on account of gains in oil & gas stocks. However, caution ahead of the release of key macroeconomic data limited gains.

US markets ended in the positive territory as investors reacted positively to the Fed chief's remarks on additional gradual rate hikes.

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