Indian markets are likely to open positive tracking global indices and SGX Nifty.
U.S. Stocks showed a strong move to the upside during trading on Friday as traders reacted to upbeat employment data. With the upward move on the day the techheavy Nasdaq reached its best closing level in well over two months. The Dow Jones increased by 0.9% to 24635 and the Nasdaq was up by 1.5% to 7554.
U.K. stocks opened notably higher on Friday as investors welcomed news on the formation of a new government in Italy the euro zones thirdlargest economy. Along with this pound strengthened after survey data from IHS Markit and Chartered Institute of Procurement Supply showed the U.K. manufacturing sector expanded at a faster pace in May. The benchmark FTSE 100 was up by 0.3% at 7702.
On domestic front Indian shares finished modestly lower in last trading session as there were mixed tidings as renewed trade war fears offset encouraging GDP data for the March quarter and news on the foDownload Full Report