''Indian markets are expected to open positive on the back of positive US initial jobless claims, US continuing claims Asian cues driven by weaker-than-expected US payroll data that weakened prospects of a near-term interest rate hike by the Fed. Investors will look for global cues before onset of Q2 earnings season,'' said ICICIdirect.
Domestic markets ended with marginal gains, trimming most of their initial gains due to disappointing data of 'eight core' sector, which slowed to 2.6% in August compared with 5.9% in the corresponding
month last year.
US markets ended positive as the weaker-than-expected job growth shored up expectations that the Federal Reserve will hold off on raising interest rates in the near term.