(Photo: PTI)
The BSE Sensex and NSE Nifty opened in green tracking global cues. Sensex opened 129.11 points up at 26,974.92.
The US markets ended higher on Thursday in reaction to the minutes of the latest Federal Reserve meeting, which further offset recent uncertainty about the outlook for interest rates. Also, the Labor Department released a report showing a bigger than expected pullback in initial jobless claims. The Asian markets have made a positive start, as investors piled back into riskier assets amid speculation the Federal Reserve won’t be raising interest rates soon.
Oil prices climbed to their highest in three months on Thursday, after forecaster PIRA Energy Group predicted crude prices would rise to $70 per barrel by the end of 2016.
The S&P 500 closed at a seven-week high on Thursday, though S&P 500 e-mini futures edged down about 0.1 percent in early Asian trading.
Japan’s Nikkei stock index added 1 percent, poised to gain 3.4 percent for the week.
Back home, domestic equity markets snapped six-day winning streak on Thursday on the back of profit booking and weak rupee. Sensex slid 190.04 points at 26,845.81, while Nifty lost 48.05 points at 8,129.35.
(With inputs from Reuters)
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