Indian markets are likely to open positive tracking global indices and SGX Nifty.
The US indices moved modestly higher on Friday offsetting the pullback seen over
the course of the previous session. With the upward move on the day the Dow and
the Nasdaq climbed to new record closing highs. The Dow closed up 0.1 percent to
22872 the Nasdaq rose 0.2 percent to 6606 and the SP 500 inched up 0.1
percent to 2553. The modest strength on Wall Street came following the release of
some upbeat economic data including a Commerce Department report showing a
substantial increase in retail sales in the month of September.
The FTSE 100 index came off its lows in late afternoon trading as US stocks pushed
up to fresh highs today following some benign US data though London shares
remained weaker weighed by a rally in the pound. The FTSE 100 index closed the
day at 7535 down 0.3%.
In India the Nifty surged to a record close at 10167 and the Sensex hit over twomonth
high after t
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