The BSE Sensex and NSE Nifty on Thursday gained 516.53 points and 157.10 points at 26,231.19 and 7,948.95, respectively. (Express photo)
The BSE Sensex and NSE Nifty are likely to open higher on Friday tracking SGX Nifty and global markets.
At 8.25 am, SGX Nifty was up 140.50 points, or 1.73 per cent higher at 8,135.
Asian peers, Shanghai, Nikkei and Hang Seng were up 1.92 per cent, 2.77 per cent and 0.47 per cent at 3,142.81, 19088.10 and 21,942.16.
China’s yuan rose sharply against the dollar on Friday, with traders citing large transactions by state-owned banks on behalf of the central bank to support the currency. Spot market trading in the yuan opened at 6.3930 per dollar and it was changing hands at 6.3909 by late morning, strengthening 0.23 per cent from the previous close.
Wall Street rallied more than 2 per cent on Thursday as strong US economic data and hints that a September interest-rate hike was unlikely fueled optimism that the worst of recent market turmoil was over.
The Dow Jones industrial average advanced 2.27 per cent to end at 16,654.77 on Thursday and the S&P 500 jumped 2.43 per cent to 1,987.66. The Nasdaq Composite added 2.45 per cent to 4,812.71.
On Thursday, the key benchmark indices soared over 2 per cent on the back of strong global markets amid F&O expiry. The BSE Sensex and NSE Nifty gained 516.53 points and 157.10 points at 26,231.19 and 7,948.95, respectively.
(With inputs from agencies)
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