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Markets are likely to extend yesterday’s gains tracking positive global cues. .
Markets surged yesterday and Rupee staged a smart recovery after the new RBI governor Raghuram Rajan's initial announcements sparked hopes of shoring up an ailing economy and currency.
US stocks edged up on Thursday, rising for a third day after strong data indicated improving economic conditions, with caution capping gains ahead of Friday's payrolls report and its implication on the Federal Reserve's stimulus program.
The Dow Jones industrial, Standard & Poor's 500 and Nasdaq Composite Index was up 0.04-0.2%.
Japan's Nikkei average fell on Friday, snapping a four-day winning streak, hit by profit-taking in the real estate and construction sectors as investors awaited U.S. jobs data later in the day and a decision on the country's Olympic bid.
The benchmark Nikkei fell 0.9 percent to 13,942.11 by mid-morning after advancing 0.1 percent to 14,064.82 on Thursday. It rose 5.1 percent over the past four trading days.
At 800 hrs Indian Standard Time the SGX Nifty was up 35 points at 5,636.
STOCKS TO WATCH
Sanofi SA’s Indian arm was close to acquiring Elder Pharma’s domestic formulation business for over Rs 2,400 cr.
Fortis Healthcare raised Rs 36.7 crore through a preferential allotment of 3.7 million shares to Standard Chartered Private Equity Mauritius III.
SpiceJet plans to add seven new Boeing aircrafts during the current fiscal, which will help the company to strengthen its international operations.
Bhel electronics division here has bagged an order worth Rs 96 crore from NTPC to set up a 15 MW-solar power plant in Uttar Pradesh.
