Oil Stocks- Indian Shares Seen Higher At Open
(RTTNews) – Indian shares are likely to open higher on Friday, mirroring positive global cues.
Underlying sentiment, however, may remain cautious after almost all states in the country reported a sharp increase in daily Covid caseload.
Benchmark indexes Sensex and the Nifty rose about half a percent on Thursday after a late-hour surge, while the rupee gained 12 paise to close at 74.93 against the U.S. dollar.
Asian markets are turning in a mixed performance this morning as focus shifted to a string of China data released earlier today, with GDP growth for the first three months of the year coming in slightly below expectations.
The dollar headed for its worst back-to-back weekly drop this year as yields on benchmark 10-year Treasury notes fell. Gold traded flat while oil held steady near four-week highs amid improved demand outlook.
U.S. stocks advanced overnight as inflation concerns eased and encouraging retail sales and jobless claims data raised hopes of a broader economic recovery.
The Dow climbed 0.9 percent and the S&P 500 rallied 1.1 percent to reach new record closing highs, while the tech-heavy Nasdaq Composite jumped 1.3 percent to end at its best closing level in two months.
European markets gained ground on Thursday as investors reacted positively to a slew of earnings announcements and dovish comments from Fed officials.
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