The 50-share Nifty is likely to open up on Friday as
indicated by the 58.50 points gain in the SGX Nifty trading at 7547.50 at.
Asian markets were trading mostly higher on strong handover from US and as oil
prices climbed. The Shanghai Composite was up 0.68 percent while the Hang Seng
was up 0.40 percent. A stronger yen, however, continued to weigh on Japan's
shares. The Nikkei 225 was down 1.58 percent. US markets closed higher. The Dow
Jones closed in positive territory for 2016, as gains in materials and
industrials led stocks higher. A rise in oil prices and a positive view of the
Fed's Wednesday announcements also helped stocks. European equities finished
mixed to lower despite a rally in mining stocks. The Bank of England kept its
main interest rate unchanged at 0.5 percent, marking the seventh straight year
of record-low interest rates. The central bank of Norway cut its key
interest rate to an all-time low of 0.5 percent from 0.75 percent, and raised
the prospect of a move into negative territory. In currency trade, the USD
continued to tumble against major currencies, following paring of rate increase
expectations by the Federal Reserve.
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