Indian markets are likely to flat tracking global indices and SGX Nifty.
US stocks moved sharply higher during trading on Thursday extending the rally seen over the two previous sessions. The major averages all showed substantial moves to the upside on the day. The Dow jumped 2 percent to 28390 and the Nasdaq spiked 2.6 percent to 11891.
U.K. stocks moved higher yesterday as U.S. Democratic presidential challenger Joe Biden neared the magic number of 270 electoral votes needed to win the White House and the Bank of England increased its monetary stimulus by a biggerthanexpected 150 billion pounds (195 billion).The benchmark FTSE 100 rose by 0.9 per cent to 5840.
Indian shares rose for the fourth straight session on yesterday amid positive global cues and a strengthening rupee as investors braced for the prospects of Joe Biden as U.S. President and a divided Congress which will reduce the chances of tough financial regulations and higher taxes.The benchmark SP BSE S
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