Indian markets are likely to open Positive tracking global indices and SGX Nifty.
U.S. stocks closed higher Thursday with earningsinspired gains by Cisco and Wal
Mart helping to set the pace while House passage of a Republicansponsored tax
cut plan helped cement the rally. The Dow Jones Industrial Average DJIA ended
with a gain of 0.8% at 23458 after rising as much as 221 points earlier in the
session. The SP 500 SPX climbed 0.8% to finish at 2585. The techheavy
NASDAQ jumped 1.3% to finish at a record 6793.
U.K. stocks closed higher on Thursday boosted by a round of wellreceived
corporate updates and as buyers stepped in to pick up shares after a fivesession
losing streak. The FTSE 100 added 0.2% to end at 7387.
Indian shares staged a strong comeback on Thursday after three days of losses with
firm global cues and expectations for further rationalization of Goods and Services
Tax (GST) rates supporting underlying sentiment. The benchmark BSE Sensex
jump
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