Indian equities are set to open higher on Friday, tracking firm cues from fellow Asian peers after Wall Street ended in green in overnight trade, ahead of the industrial production and manufacturing output data later in the day. Bullish trend in the SGX Nifty. SGX Nifty is trading 32.00 points higher.
The financial stocks will remain in focus today as index heavyweight State Bank of India and Bank of Baroda will announce their December quarter earnings report.
Snapping two-day losses, Sensex closed at 28329.7, up by 39.78 points or by 0.14%, and the NSE Nifty ended at 8778.4, up by 9.35 points or by 0.11%.
Asian shares were close to 18-month highs on Friday, tracking a rally on Wall Street. Crude oil prices extended gains, with US prices bolstered by evidence that gasoline demand could strengthen in the world's biggest oil market.
European shares ended at their highest level in two weeks on Thursday, with some major companies such as France's second-biggest listed bank Societe Generale and oil major Total advancing after their results.
Wall Street's three main indexes surged to fresh record highs on Thursday after President Donald Trump said he would make a major tax announcement in a few
Major Headlines of the day:
Tata Steel to sell Specialty Steels business for £100 mn to Liberty House.
Tata Chem approves investment plan worth Rs270 cr in nutrition biz
IIP for dec expectation of 1.2%
Trend in FII flows: The FIIs were net buyers of Rs 356.63 the cash segment on Thursday while the DIIs were net sellers of Rs -379.63 as per the provisional figures.
UPCOMING RESULTS: ALKEM, BANKBARODA, BEML, BERGER PAINT, BOSCH, CESC, CROMPGREAV, CHAMBALFERT, GAIL, DENABANK, HINDZINC, IPCA, M&M, RELCAP, SUNTV, TATAPOWER.
Securities in Ban For Trade Date 10-FEB-2017: