''Indian markets are expected to open positive on the back of positive global cues. Stock specific activity is expected to pick up steam as the Q4FY15 earnings season gathers momentum. Market participants will also closely monitor the developments in the eurozone and China,'' said ICICIdirect.

Domestic markets ended positive post the government's clarification on tax issues with FIIs and on news that the Finance Minister will meet his state counterparts to discuss the roadmap for GST rolling out from April 2016.

US markets ended positive due to better-than-expected earnings of large US companies. Also, sentiments remained positive on reports showing better-than-expected existing home sales data for March.

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