Indian stock markets expected to surge as SGX Nifty rallies

Indian stocks are all set for a rally on Friday if SGX Nifty futures index trading on the Singapore Stock Exchange is any indication.

The index which represents Indian stocks were trading up a hefty 1.36% during early trades on Friday following Asian cues.

Investors do not seem to be worried over the Reserve Bank of India’s monetary policy directions scheduled for Friday.

Asian investors, led by Chinese stocks rallied on Friday early trades, after a break, tracking a global rally and Wall Street gains overnight.

The US markets were riding on technology stocks as Dow rose 1%, S&P 500 0.8% and Nasdaq 1.1%. The US Senate on Thursday approved legislation to temporarily raise the federal government’s $28.4trn debt ceiling and avoid the risk of a historic default.

Key things to note before trade 

• Piramal Enterprises approved a scheme to demerge its pharmaceutical business
• Zee Entertainment Enterprises granted more time to respond to a previous tribunal order on reconstitution of company board request from minority shareholders
• TCS to announce its earnings for the September quarter today
• Energy major Vedanta said it will embed ESG norms into every decision-making process and performance evaluation

Read More: Jobless claims drop, market experts point to improving economy 

Related topics

#Dollar (USD) #Earnings

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