The key domestic benchmarks are likely to open on a positive note today tracking a firm trend in Asian markets which rose amid hopes that the world’s three biggest economies will maintain an accommodative monetary policy stance. Speculation heightened that the US Federal Reserve may maintain interest rates at low levels amid slowing global growth. Fed policymakers said in the minutes that a slowdown in the global economy and a stronger dollar pose threats to US outlook. China’s Shanghai Composite rose as Chinese Premier Li said that the government will use targeted measures to address financing costs and difficulties in a bid to support economic growth. Hang Seng surged while Japan’s Nikkei 225 rallied after the Bank of Japan said that it has many options for additional policy easing. Back home, investors are eying the start of the Q2 earnings season tomorrow when Infosys will announce its September quarter financial numbers.
