Pre Session-Markets seen opening higher on firm global cues: 22.08.2014

The key domestic benchmarks are tipped to open on a bullish note today tracking a firm trend across markets in Asia after reports from US housing to manufacturing showed the world’s largest economy is strengthening. Japan’s Nikkei 225 continued its gaining streak for a 10th day of gains, the longest winning streak in 26 years, and Hong Kong’s Hang Seng Index rose 0.2 percent. In overnight trading, Wall Street ended higher on optimism the Federal Reserve is committed to supporting a strengthening economy.