Indian markets are likely to open positive tracking global indices and SGX Nifty.
U.S. stocks showed a strong move back to the upside during trading on Thursday. With the rally on the day the major averages more than offset the losses posted on Wednesday. The Dow Jones jumped by 0.9% to 24924 and the Nasdaq soaring up by 1.4% to 7823.
U.K. stocks recovered from the previous sessions losses as oil steadied the pound traded flat and investors held out hopes that the U.S. and China will eventually mull new trade talks for a resolution of the trade conflict. The benchmark FTSE 100 was up by 0.7% to 7641.
On domestic front Indian shares ended on an upbeat note as markets across Asia Europe steadied after steep losses in the previous session and an overnight plunge in oil prices helped ease worries about rising inflation and higher twin deficits. The BSE Sensex was up by 0.8% to 36548.Download Full Report