Indian shares were set to start Friday's session on a positive note, a day after snapping a four-session gaining streak. Shares in other Asian markets rose after optimism over US tax reform plans lifted Wall Street shares to new highs. MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.1 per cent. Japan's Nikkei climbed 0.3 per cent, Australian stocks rose 0.7 per cent and South Korea's KOSPI advanced 0.9 per cent. Overnight, the US benchmark index S&P 500 posted its sixth straight record high close on Thursday, its longest run since 1997. Investors cheered increased prospects for a tax overhaul with Congress moving closer to agreement on a budget resolution. The National Stock Exchange (NSE) benchmark index Nifty had finished Thursday's session on a lower note, down 0.26 per cent at 9,888.70, while the benchmark Sensex 0.25 per cent ended lower at 31,592.03.
- Sensex, Nifty set to open higher on Friday
- Domestic equities had snapped four-session gaining streak on Thursday
- Nifty closed 0.26% lower at 9,888.70 on Thursday, Sensex ended 0.25% down
Market expert Lovelesh Sharma shared some of his trading calls:
Buy Britannia Industries for a target price of Rs 4,650 with stop loss at Rs 4,300
Buy Canara Bank for a target price of Rs 325 with stop loss at Rs 303
Buy Jet Airways for a target price of Rs 520 with stop loss at Rs 479
Disclaimer: Investors are advised to make their own assessment before acting on the information.