At 7:30 am, the Nifty futures were trading higher by 0.57 per cent on Singapore Stock Exchange
The domestic stock markets are likely to open firm, extending the upmove witnessed on Monetary policy day, due to cautiously positive cues from the global market front. Wall Street recorded modest gains overnight, Asian markets are set for a mildly positive start and early indications from SGX Nifty futures trading suggest a healthy opening for the indices back home. At 7:30 am, the Nifty futures were trading at 14,929, higher by 65 points or 0.57 per cent, on the Singapore Stock Exchange.
Asian equities are poised to track Wall Street's cautious gains on Thursday after minutes from the Federal Reserve's latest meeting reiterated its commitment to keep interest rates low until the U.S. economy makes a more secure recovery.