Indian markets are expected to open in the green on the back of positive global cues. Going ahead, key monitorable for the markets include earnings traction and global news flows," ICICI Direct said.
Domestic markets ended lower tracking tepid global cues on July 18. US markets ended the volatile session flat amid optimism relating to expected rate cut by the Federal Reserve.
Benchmark indices were trading higher in pre-opening with the BSE Sensex rising 217.53 points to 39,114.99 and the Nifty50 climbing 36.90 points to 11,633.80.
"Indian markets could open mildly higher following flat US markets on Thursday and positive Asian markets this morning. They could later run into resistance/ profit taking at higher levels. Technically, with the Nifty correcting sharply, the bears seem to have made a comeback. Further downsides are likely once the immediate support of 11,582 is broken. Any pullback rallies could find resistance at 11,677," Deepak Jasani, Head of Retail Research, HDFC Securities said.
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