''The Indian markets are expected to follow global cues and open gap up today. Higher liquidity in the global markets has led to strong FII flows in the Indian markets. The RBI’s policy stance will be important to watch in the coming week,'' said ICICIdirect.

Domestic markets ended positive after a volatile day of trade due to F&O expiry even as the Federal Reserve took an upbeat view on the US economy and signalled that it remains firmly on track to raise interest rates this year despite an uncertain global outlook.

US markets ended positive partly on the back of a report from the Labour Department that showed a fall in initial jobless claims to a 14-year low.

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