Indian markets are likely to open positive tracking global indices and SGX Nifty.
U.S. stocks were slightly positive Friday morning as traders assessed a relatively upbeat jobs report. Biogens stock skyorocked after positive results from a study of its Alzheimers treatment. The Dow Jones was increased by 0.4% to 24456 and the Nasdaq rose by 1.3% to 7688.
U.K. stocks were little changed in cautious trade on Friday after American tariffs on 34 billion dollars worth of Chinese imports took effect and China vowed to make a necessary counterattack in equal measure. The benchmark FTSE 100 inched up by 0.4% to 7609.
On domestic front Indian shares rose during the last trading session as investors responded with calm to the U.S. tariffs on 34 billion dollars worth of Chinese imports that took effect after midnight Thursday. The BSE Sensex was up by 0.2% to 35658.Download Full Report