Indices may open with decent gains

The Indian shares recovered after declining for seven consecutive sessions.  On Thursday, b outs of volatility were witnessed during the day on the back of September month derivatives contracts expiry. The Sensex surged 123 points to finish at 31,283 and the Nifty index rose 33 points to settle above 9,750 mark. 

The European indices settled with modest gains on Thursday.  The German DAX Index rose 0.37%. The French CAC 40 Index added 0.22% and the FTSE 100 of the UK climbed 0.13%. 

The US’ stocks displayed a lacklustre performance on Thursday as indices spent much of the day oscillating near about neutral line; despite the lull trading the S&P 500 recorded a closing high. The S&P 500 index rallied 3 points to settle at 2,510. The Dow climbed 41 points to finish at 22,381. The Nasdaq Composite Index closed flat. 
  
Majority of Asian markets were trading in green in the early trade on Friday. The Nikkei 225 has lost 58 points . On the flip side, t he Hong Kong’s Hang Seng has rose 62 points and t he China’s Shanghai Composite has gained 14 points.   

Domestic benchmark indices look set to open a tad higher on Friday. The Nifty futures on the Singapore Exchange were trading 15 points higher at 9,810.