''Indian markets are expected to open positive on the back of positive global cues. Post the investment focused Railway Budget, all eyes would be on the Union Budget expectations,'' said ICICIdirect.

Domestic markets ended negative after freight charges for various commodities in the Railway Budget were increased, which led to sharp selling in the markets.

US markets ended mixed on account of uncertainty about the near term outlook of markets along with a slew of US economic data that was released including a report showing initial jobless claims rose more than expected for the week ended February 21.

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