Market May Open Higher

A benchmark index of Indian equities markets rebounding from three-week lows, the Sensex jumped by 1.36%, or 365.89 points to 27,274.71 and Nifty rose 1.64%, or 132.50 points to 8,234.60 on value-based buying in bluechips amid upbeat U.S. employment data, stimulus plans by ECB and a halt to a slide in crude oil. Retail investors poured money into mid-cap and small-cap shares with respective indices up about 1.8% each.

The U.S. stock market surged for a second day on yesterday, erasing the market's heavy losses from the first few days of the year. The gains was also driven by there is renewed confidence that the Federal Reserve will keep supporting the economy as growth outside the U.S. appears to be flagging. The S&P 500 index climbed 36.24 points, or 1.8%, to 2,062.14. The index is now up 0.2% for the year, after falling 2.7% in the first three days of trading. The Dow Jones industrial average gained 323.35 points, or 1.8%, to 17,907.87. The Nasdaq composite gained 85.72 points, or 1.8%, to 4,736.19.

European stocks surged, setting a positive tone for the U.S. session, on hopes of fresh stimulus from the European Central Bank following a weak reading on inflation Wednesday. France’s CAC 40 jumped 3.6% and Britain’s FTSE 100 climbed 2.3%. Germany’s DAX gained 3.4%.  The Stoxx Europe 600 index closed 2.8% higher, and is now only marginally lower this year.

Mostly Asian stock markets open in green on Friday on upbeat expectations for the closely-watched U.S. jobs data. The dollar weakened from a 10-year high after a second Federal Reserve official cautioned against raising interest rates this year. Japan's Nikkei was up 0.4% and Australian shares added 1.2%. The Hang Seng index down by 0.80%. Chinese stocks open lower as producer prices dropped the most since 2012. Now, currently trading at down by 0.40%.

SGX Nifty is trading in higher with 61.5 points to 8,315.5. Today, Indian market is expected to open positive on account of positive global cues. Today, Indian market is expected to open higher on account of positive global cues. Investors will keep an eye on Infosys results today for the quarter ended December 2014.