Indian markets are likely to open with a flat to positive bias tracking the SGX Nifty, said Angel Broking in its report.
US stocks closed flat as investors booked profits after yesterday's rally. A report from the Labor Department stated that first-time claims for unemployment benefits saw a modest decrease in the week ending March 11th. Initial jobless claims edged down to 241,000, against expectations of 240,000. Biotechnology stocks traded weakly and NYSE Arca Biotechnology Index down by 1.3 percent. The Dow Jones Utilities Average fell by 1.3 percent giving up most of its gains from the previous session.
UK stocks closed positive as investors cheered the result of the Dutch election. The result is viewed as a rejection of populism and litmus test of the direction of French and German voters. Mining stocks rallied strongly on higher commodity prices and a weaker dollar. Vedanta Resources jumped 8.33 percent on news that promoter Anil Agarwal will invest USD 2.44 billion for a 13% stake in Anglo American.
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