SGX Nifty futures, representing Indian stocks, trading on the Singapore Stock Exchange, recovered from its opening losses with a 0.17% gain as on 0800 hours IST. This emerging trend could leave Indian indices begin trade with cautious optimism.
Asian markets broadly opened flat with Hong Kong opening with losses even as Wall Street indices eked out record highs overnight. Ahead of a crucial jobs data expected on Friday from the U.S, investors across the region could be looking for directions. A health macroeconomic data and jobs revival in India could offer some relief rally on Indian indices leaving investors unfazed about current exposure.
Key things to note before you trade:
Dow rose 0.37%, S&P 500 0.28% and Nasdaq gained 0.14% on Thursday
Indian rupee settled with a marginal gain at 73.06 against the US dollar on Thursday
Oil prices climbed over one USD a barrel on Thursday on fresh hopes of economic activity and steep decline in US crude inventories
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