''Indian markets are expected to open flat with a positive bias as Asian markets rose after the Federal Reserve indicated it was not in a rush to end quantitative easing. Ahead of Union Budget, markets may trade cautiously and eye a pro-growth agenda of the new government,'' said ICICIdirect.

''Domestic markets closed negative as investors remained on the sidelines ahead of the Union Budget. The Economic Survey released yesterday also failed to bring any cheer for market participants,'' it added.

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