Market may open on a positive note April 28, 2021 Volatility, however, will rise ahead of F&O expiry Domestic markets are likely to remain positive on Wednesday despite mixed global cues. Short-covering ahead of F&O expiry (April contracts) on Thursday and relatively better preparedness to tackle the spread of Covid-19 seemed to have infused a positive sentiment in the market, said analysts. Though FPIs continue their selling, domestic funds and institutions resort to aggressive buying at lower levels and keep the market afloat, they added. Ahead of the F&O settlement, market is expected to remain volatile. The SGX Nifty is currently ruling at 14,732 (8 am) as against Nifty April futures close of 14,644 and 14,698 (May futures), signalling positive bias. Asian markets remain mixed, with Japan, Australia, Hong Kong and the Philippines remaining in the green while Korea, Taiwan and China in the red. Overnight, the US markets ended little changed.