''Indian markets may open gap up today post the 25 bps repo rate cut by the RBI. The index registered life-time highs yesterday. While 8950 should act as a support for the Nifty, telecom stocks may remain under pressure as spectrum auction kick starts today,'' said ICICIdirect.

Domestic markets ended positive as sentiments remained upbeat on sustained inflow of foreign capital amid growth-oriented and market-friendly measures in the Budget.

US markets ended negative partly due to profit taking following the upward trend seen throughout much of the past month amid concerns about the sustainability of the uptrend in light of expectations of higher interest rates in the relatively near future.

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