Indian markets are likely to open positive tracking global indices and SGX Nifty.
U.S. stocks moved sharply higher over the course of the trading day adding the gains posted in the previous session. With the upward move on the day the techheavy Nasdaq closed higher for the sixth straight session reaching a record closing high. The Dow jumped 1.8% to close at 25336. The NASDAQ gained 1.8% to close at 7561.
U.K. stocks were marginally lower as investors digested U.S. President Donald Trumps announcement to impose tariffs on steel and aluminum imports and looked ahead to the allimportant U.S. jobs report due later in the day for directional cues. The FTSE 100 was up by 0.3% to end at 7225.
On domestic front Indian shares ended lower as banking stocks once again succumbed to heavy selling pressure in the wake of reports that Union Bank of India has direct credit exposure of about Rs 120cr to companies controlled by jeweler Nirav Modi and another Rs 175cr to Gitanjali grDownload Full Report