Indian stock benchmarks are expected to open lower on Friday, as reported by Nifty Futures on the Singapore Exchange. SGX Nifty futures fell 61 points or 0.4 percent to 14,885. Meanwhile, most Asian markets were also trading with a negative bias, with the Hong Kong Hang Seng Index falling 0. , 9%, the Taiwan weighted index of 0.3%, the Shanghai Composite index having fallen by 1.2%. South Korea’s KOSPI fell 0.3%.
Overnight, a tech rally pushed Wall Street higher on Thursday and Treasury yields extended their decline from recent highs as market participants digested the U.S. Federal Reserve’s pledge to stay the course with its accommodative monetary policy.
The Nasdaq was significantly higher while the S&P 500, although rising more modestly, was on track to hit another record high. But the blue chip Dow Jones was in the red, albeit slightly, weighed down by financials and industrials.
European stocks have hit all-time highs on growing optimism about a global stimulus-driven economic recovery and assurances from the Fed. Equities and equities in emerging markets in Asia, with the exception of Japan, also rose.
Back home, in yesterday’s session, markets posted gains for the third consecutive session, led by a rally in metals stocks that made a trip north for some time after Chinar was become a net importer of base metals such as steel, copper, magnesium, etc. .
Among individual stocks, A2Z Infra Engineering will be the focus after investor Shankar Sharma sold more than 12 lakh shares of the company, according to exchange reports.