Equity benchmark indices are likely to open on a muted note Friday tracking weakness across Asian markets. As indicated by the SGX Nifty, which was quoting at 17,055 levels, the Nifty index may open around 30 points lower.
US markets gained overnight cheered by Treasury Secretary Janet Yellen's reassurance that measures would be taken to keep deposits safe in the banking system. Dow Jones, NASDAQ Composite, and the S&P 500 indices rose up to 1 per cent.
Asia-Pacific markets, however, fell this morning, with Nikkei 225, Topix, Kospi, Kosdaq, and the S&P 200 indices lowering up to 0.8 per cent.