Pre-market: Nifty seen opening higher; may reclaim 6650
NEW DELHI: The 50-share Nifty index is expected to open higher on Friday following positive trend seen in other Asian markets. Tracking the momentum, the index is expected to reclaim its crucial level of 6650 in trade today.
At 07:30 a.m., Nifty India stock futures in Singapore were trading 20 point higher at 6615.50, indicating a flat-higher opening on the domestic market.
NIFTY crossed 6,650 at high point in Thursday's F&O expiry session. Markets steadily moved up throughout the day as suspected short covering came in ahead of expiry.
The Dow Jones industrial average dipped 4.76 points or 0.03 percent, to end at 16,264.23. The S&P 500 lost 3.52 points or 0.19 percent, to close at 1,849.04. The Nasdaq Composite dropped 22.346 points or 0.54 percent, to finish at 4,151.232.
In the oil market, Brent rose to $107.83 a barrel.
Japan's Nikkei 225 index was trading 0.04 per cent lower at 14,617.50 and Hong Kong's Hang Seng index was trading 0.85 per cent higher at 22,024.12.
South Korea's Kospi index was trading 0.21 per cent higher at 1,982. China's Shanghai index was trading 0.30 per cent higher at 2,051.
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