Sensex, Nifty Likely To Open Higher Today

On Thursday, domestic stock markets had snapped a two-day winning run, with the Sensex ending 106.11 points at 41,459.79 and the Nifty at 12,174.65.

Sensex, Nifty Likely To Open Higher Today

At 8:42 am, the SGX Nifty futures were up 0.30% at 12,187.50

Domestic stock markets are likely to start Friday's session on a positive note, a day after they moved lower to break a two-day winning streak. The Singapore Exchange (SGX) Nifty futures - an early indicator of the National Stock Exchange (NSE) Nifty index in India - rose as much as 40.5 points to touch 12,191.00 ahead of the opening of Indian markets. At 8:42 am, the SGX Nifty futures were up 37.00   points - or  0.30 per cent - at 12,187.50.

Equities in other Asian markets registered mild gains, with MSCI's broadest index of Asia Pacific shares outside Japan last seen trading up 0.30 per cent. Japan's Nikkei 225 benchmark index however traded 0.52 per cent lower at the time.

The Chinese province at the centre of the coronavirus outbreak reported a record rise in deaths and thousands more infections using a broader definition on Thursday. 

Global shares eased as investors were spooked by a sharp rise in the number of coronavirus cases in China this week.

Overnight in the US, Wall Street lost ground backing away from record highs , with the Dow Jones Industrial Average falling 0.43 per cent, the S&P 500 0.16 per cent and the Nasdaq Composite 0.14 per cent.

Still, there were glimmers of optimism as the director of the World Health Organization (WHO) told a news briefing that "we are not seeing dramatic increases in cases outside China".

On Thursday, the S&P BSE Sensex index had fallen 106.11 points - or 0.26 per cent - at 41,459.79 and the broader NSE Nifty benchmark settled at 12,174.65, down 26.55 points - or 0.22 per cent - from the previous close, as the markets declined after rising for two straight sessions.

The government is due to release data on wholesale inflation - gauged by the Wholesale Price Index (WPI) - at noon. 

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