Plus   Neg

Sensex, Nifty Seen Up On Firm Global Cues

Indian shares look set to open higher on Friday after TCS posted 1.3 percent sequential growth in quarterly profit, in line with estimates, and said it sees improving business environment.

Investors await Infosys' Q3 earnings as well as readings on industrial output and consumer inflation for further direction.

Benchmark indexes Sensex and the Nifty ended off their day's highs on Thursday while the rupee dropped 6 paise to close at 63.66 per dollar.

Asian stocks are broadly higher this morning, with underlying sentiment supported by a rise in oil prices overnight.

Gold rose on a weaker dollar ahead of U.S. inflation data due later in the day, while oil prices eased a little bit after hitting their highest levels since December 2014 in the previous session.

Meanwhile, China reported a sharp rise in the trade surplus in December, with both exports and imports topping forecasts.

Overnight, U.S. stocks rose sharply to close at fresh record highs and Treasury yields fell after China dismissed media reports that officials have recommended slowing or halting purchases of U.S. debt.

Energy stocks led the surge after the price of oil touched its highest level since 2014. The Dow and the tech-heavy Nasdaq climbed around 0.8 percent while the S&P 500 added 0.7 percent.

European stocks ended Thursday's session lower, hit by a stronger euro after minutes from the ECB's mid-December policy meeting indicated the central bank could shift away from its ultra-loose monetary policy efforts sooner than investors had expected.

Rising bond yields and some disappointing corporate earnings also weighed on markets. The pan-European Stoxx Europe 600 index eased 0.3 percent.

The German DAX declined 0.6 percent and France's CAC 40 index slid 0.3 percent while the U.K.'s FTSE 100 edged up 0.2 percent.

For comments and feedback contact: editorial@rttnews.com

Follow RTT