Technology

Indian markets are likely to open negative tracking global indices and SGX Nifty.

The US stocks moved mostly higher over the course of the trading day on Thursday. The major averages recovered from initial weakness to end the day in positive territory. The Dow was up by 1 per cent to 20087 and the Nasdaq rose by 2.3 per cent to 7151.

UK stocks rallied on Friday to extend gains from the previous session after the U.S. Federal Reserve established temporary dollar liquidityswap lines with nine additional central banks and the Bank of England joined its European peers in suspending stress tests for 2020. The FTSE 100 rose by 2.9 percent to 5301.

On domestic front Indian shares rebounded on Friday after four sessions of heavy losses as governments and central banks around the world announced a raft of stimulus and support measures to deal with the coronavirus outbreak. The benchmark BSE Sensex was up by 5.8 percent to 29916.

Download Full Report