Indian markets are likely to open positive tracking global indices and SGX Nifty.
U.S. stocks moved mostly higher over the course of the trading session on Friday as traders digested to the Labor Departments closely watched monthly jobs report. The techheavy Nasdaq fluctuated as the day progressed but managed to close in positive territory. The Dow Jones was up by 0.5% to 25462 and the Nasdaq jumped by 0.1% to 7812.
U.K. shares were modestly higher during the last trading session as a weaker pound and positive earnings reports from the likes of Royal Bank of Scotland and Mondi helped investors shrug off weak services PMI data. The benchmark FTSE 100 was up by 0.42% to 7608.
On domestic front Indian shares rose sharply on Friday following two days of losses after the India Meteorological Department (IMD) said that monsoon rains would be normal in August and September. The BSE Sensex was up by 1.1% to 37556.
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