Indian markets are likely to open positive tracking Asian markets and SGX Nifty.
U.S. markets finished lower Monday as warnings about accelerating inflation coupled with crudeoil trading below 50 a barrel overshadowed strong earnings from Bank of America Corp.
European markets traded in negative territory of the majority of Mondays session and finished the day with moderate losses. Investors were in a cautious mood ahead of the European Central Bank policy decision on Thursday.
Indian markets fell on Monday tracking weak cues from Asia and Europe as a cautious mood prevailed ahead of earnings key Chinese data and the ECBs monetary policy decision due later this week.
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