Muted start likely on Dalal Street as Asian markets trade mixed

The Indian benchmark indices on Thursday opened on optimistic and thereafter, the indices slowly but steadily started gathering steam and scaled higher. The buying interest continued in the second half of trading session and indices spurt to session’s highest levels. To end with, the NSE's 50-share broadly followed index Nifty got buttressed by over one and half a per cent to settle above the crucial 9,500 support level, while Bombay Stock Exchange's Sensitive Index-Sensex accumulated over four hundred points and closed above the psychological 30,700 mark.   

The European markets oscillated between small gains and losses over the course of Thursday's session and finished with mixed results. The DAX of Germany dropped 0.17 per cent and the CAC 40 of France fell 0.08 per cent. The FTSE 100 of the U.K. added 0.04 per cent.

U.S. stocks closed in positive territory on Thursday registering 6th straight session of gains with S&P 500 and the Nasdaq Composite notching record close.  The S&P 500 index advanced 11 points to finish at 2,415. The Nasdaq Composite Index climbed 42 points to end at 6,205. The Dow Jones Industrial Average accumulated 71 points to close at 21,083.

Asian markets are trading mixed on Friday. Japan’s markets Nikkei 225 shed 51 points. Hong Kong’s Hang Seng rose 21 points and China’s Shanghai Composite gained 6 points.

At 8:07 am SGX Nifty Index trading with a marginal loss of 8 points at 9,488, indicating a muted start for Indian indices.