Indices may open flat to slightly higher

Key benchmark indices saw a gap-up opening on Thursday on the back of positive global cues and thereafter, indices traded with firmness to end the day near days high. The BSE Sensex settled above the psychological 32,000 mark. The Nifty50 index surged about 76 points to close at 9,892, its record closing high.

The European markets ended Thursday’s session with mixed results. The CAC 40 of France rose 0.25 per cent and the DAX of Germany gained 0.12 per cent, while the FTSE 100 of the U.K. declined 0.05 per cent.

Wall Street ended the Thursday’ session modestly higher, with the Dow Industrials reached another new record closing high. Market participant appeared averse to make any significant move ahead of the release of some key economic data and earning news on Friday. The Dow Jones Industrial Average closed higher for a third-straight day, closing at record 21,553 higher by 21 points. The S&P 500 index rose 5 points. The Nasdaq Composite Index closed up 13 points at 6,274.

Asian markets are trading mixed on Friday. Japan’s Nikkei 225 trading higher by 45 points at 20,145 followed Hong Kong Hang Seng which has gained 6 points. China’s Shanghai Composite which is trading at 3,211 down by 8 points.

Indian benchmark indices may open on a flat to positive note the SGX Nifty, which was trading at 9,908 up by 14 points hinted a flat to positive opening. Infosys will report is earnings for the April-June quarter.