''Indian markets are expected to open positive buoyed by positive global cues and the Prime Minister's speech stressing on reform push. Budget announcements would be the key market driver today,'' said ICICIdirect.

Domestic markets ended positive after presentation of an optimistic Economy Survey 2014-15, aided by funds and retail investors buying on the first trading session of the March derivative series.

US markets ended negative partly reflecting profit taking following recent market strength, along with a slew of US economic data including downward revision to the pace of economic growth in the fourth quarter.

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