Indian markets are likely to open negative tracking global indices and SGX Nifty.
U.S. Stocks moved mostly higher during trading on Friday although the techheavy Nasdaq ended the day modestly below the unchanged line. The advance by the Dow allowed the blue chip index to avoid its longest losing streak in over forty years. The Dow Jones rises by 0.5% to 24580 and the Nasdaq slid by 0.3% to 7692.
U.K. stocks rose notably on Friday even as the pound continued to push higher following a slightly hawkish tilt from the Bank of England. Oil prices rose more than 1 percent as investors await the OPEC meet outcome. The benchmark FTSE 100 was up by 0.7% to 7609.
On domestic front Indian shares mirroring firm cues from global markets as betterthanexpected Eurozone PMI data as well as easing worries over Italy and Greece helped improve investors appetite for risk. The BSE Sensex ended up by 0.7% to 35690.Download Full Report