Indian markets are likely to open flat tracking global indices and SGX Nifty.
The U.S. stock benchmarks closed moderately higher Thursday with the SP 500
snapping a foursession losing streak on the back of gains in the technology while
General Electric co powering the Dow Jones to strong gains. Traders focused on
continued progress on tax legislation and looked ahead to the monthly jobs report
due Friday. The SP 500 gained 0.3% to finish at 2637 while the Dow added
0.3% to close at 24211 while NASDAQ outpaced the other benchmarks and was
up 0.5% to end at 6813.
The FTSE 100 dropped 0.4% lower at 7321 primarily driven by a stronger pound
on hopes Prime Minister Theresa ay will meet a Sunday deadline of presenting a
Brexit deal to the European Union.
ON domestic front indices rose sharply on Thursday as firm global cues and a
sharp fall in oil prices overnight spurred investors to go bargain hunting after last
weeks heavy losses. The BSE Sensex jumped 1.08% t

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