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22 April, 2018 19:30 IST
Markets likely to open on positive note: Angel Broking
Source: IRIS | 14 Mar, 2017, 08.49AM
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Indian markets are likely to open on positive note after the election results, said Angel Broking in its report.

US stocks remained flat as investors awaited the rate hike by the Federal Reserve. Investors strongly expect that the Federal Reserve will announce a rate hike after its meeting on Wednesday. Shares of Intel were down 2.3 percent after announcing that it planned to buy Mobileye. Health care stocks were down slightly over uncertainties over the Republicans replacement for Obamacare.

UK stocks closed slightly positive as mining stocks recovered due to higher commodity prices. UK house prices increased at their fastest pace in past twelve months in the month of February. House prices grew 0.6 percent in February MoM due to higher prices in London. Mining stocks rallied strongly as copper prices recovered. Anglo American went up by 4.12 percent and Rio Tinto added 3.96 percent. Also, BHP Billiton and Glencore rose by 2.49 and 1.40 percent respectively.

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