Market may open in the green on positive global cues

The Indian markets are likely to start in the green and extend their gains on positive global cues. The SGX Nifty is trading with gains of 8 points suggesting that the Nifty could open at 10,210 at the opening bell.  

Major indices in Asia rose on Friday following a broad-based rally on Wall Street.  Japan’s Nikkei 225 has jumped 243 points, Hong Kong’s Hang Seng has edged up 140 points, while China’s Shanghai Composite is trading above the neutral line. 

Back home, markets saw a sharp rebound on Thursday as buying interest returned to markets. The broader indices outperformed the benchmark indices as Nifty Mid-Cap and Small-Cap indices gained 1.43% and 1.44%, respectively. Sector-wise, buying was seen in all the sectors, but Nifty Auto led as it gained 1.95% followed by Realty and Metal indices. At the end of the day, Nifty surged 1.22% to close at 10,167 and BSE Sensex gained 1.08% to finish at 32,949.  

The US stocks saw moderate strength on Thursday, driven by gains in the technology, industrial and materials sectors. The Dow Jones Industrial Average rose 71 points to close at 23,211, Nasdaq gained 36 points to finish at 6,813 and the S&P 500 added 8 points to end the say at 2,637.  

Majority of markets in Europe ended Thursday’s session with modest gains. The DAX of Germany rose 0.36%, CAC 40 of France added 0.18%, while FTSE 100 of the UK finished lower by 0.37%.