Domestic equity markets were closed on Thursday on account of Ganesh Chaturthi. On Wednesday, the BSE Sensex and NSE Nifty gained 1 per cent and 0.89 per cent at 25963.97 and 7899.15.
The BSE Sensex and NSE Nifty are likely to open in green on Friday tracking SGX Nifty coupled with the US Federal Reserve decision to leave interest rates unchanged.
At 8.11 am, SGX Nifty was trading 35 points, or 0.44 per cent, up at 7,975.50.
Hang Seng and Shanghai were trading 0.40 per cent and 0.16 per cent up at 21,942 and 3091, respectively while Nikkei was down 1.30 per cent at 18,192.
Wall Street’s top banks now expect the US central bank to begin hiking rates in December, according to a Reuters poll conducted on Thursday.
Fed Chair Janet Yellen said the outlook abroad has appeared to become less certain, adding that recent falls in US stock prices and a rise in the value of the dollar already were tightening US financial market conditions. The Dow Jones Industrial Average closed 0.39 per cent down at 16,674.74.
Domestic equity markets were closed on Thursday on account of Ganesh Chaturthi. On Wednesday, the BSE Sensex and NSE Nifty gained 1 per cent and 0.89 per cent at 25963.97 and 7899.15.
For Friday’s opening session, Rohit Gadia, founder and chief executive officer, CapitalVia Global Research, said, “If markets open gap up on Friday then investors should wait for the market to settle down for at least one hour and start buying strong counters whose trend is up or it would be better to wait for first half and buy in latter half of trading session.”
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