Indian markets are set to open on higher on Friday driven largely by exit polls’ prediction of a Bharatiya Janata Party (BJP) gain in Uttar Pradesh. SGX Nifty is trading 8.00 points higher.
On the macro front, the government will announce the industrial data for January.
Indian shares were little changed on Thursday after two consecutive sessions of declines, as sentiment remained subdued ahead of the results of state elections, including that of the country's most populous state of Uttar Pradesh. The S&P BSE Sensex and CNX Nifty rose 0.09%-0.03% each
Sensex closed at 28929.13, up by 27.19 points or by 0.09%, and the NSE Nifty ended at 8927.00, gained by 2.70 points or by 0.03%
Japan's Nikkei share average rose to a one-week high on Friday morning as exporters benefited from the dollar hitting six-week highs against the yen, while investors awaited U.S. jobs data later in the day to provide further evidence that U.S. interest rates are likey to rise.
European stocks finished modestly higher Thursday, with bank shares charging up as European Central Bank Mario Draghi suggested deflationary pressures have lessened, though energy shares lost ground as oil prices slid.
US stocks eked out gains Thursday on the back of a rebound in energy shares as the bull market quietly marked its unofficial eighth birthday.
Major Headlines of the day:
Varun Beverages: Divests 41% stake in Mozambique unit; still holds 10% stake
D-Mart IPO oversubscribed 5.71 times on Day 2
Delhi HC bars Cipla from selling Novartis’ respiratory drug
Trend in FII flows: The FIIs were net buyers of Rs 487.61 the cash segment on Thursday while the DIIs were net sellers of Rs 10.98 as per the provisional figures.
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