Expect market to open on a positive note on account of global - TopicsExpress

Expect market to open on a positive note on account of global cues. US market gained and Asian stocks advanced for a third day amid improving signs the Japanese and U.S. economies and assurances on stimulus efforts by the Federal Reserve. We are positive for the market after fall in current account deficit and fall in US bond yield. CCEA has approved the Rangarajan Committee’s gas price formula and as per media reports the implied new gas price is USD8.4/mmbtu v/s current USD4.2/mmbtu. We expect it will be positive for ONGC and Oil India.

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