Quick Update: Indian Markets May Open Flat
Indian markets are likely to open flat on the back of flat global markets. Asian markets were trading flat to negative in the morning session on Friday after US stocks retreated on Thursday as layoffs at Microsoft and bank worries overshadowed hopes of an economic stimulus. The rupee rose in early trade on Thursday as it drew strength from stock market gains across Asia, but ended weaker as firm oil prices pushed up dollar buying by refiners.
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