The BSE Sensex and NSE Nifty are likely to open in green on Friday tracking SGX Nifty and global cues.
At 8.30 am (IST), SGX Nifty was up 0.71 per cent, or 58.50 points, at 8,226.50.
Asian shares rose on Friday, taking their cue from a jump in oil prices as well as gains on Wall Street after minutes of the Federal Reserve’s latest meeting led investors to further pare bets that the central bank will hike interest rates this year.
Oil prices climbed to their highest in three months on Thursday, after forecaster PIRA Energy Group predicted crude prices would rise to $70 per barrel by the end of 2016.
The S&P 500 closed at a seven-week high on Thursday, though S&P 500 e-mini futures edged down about 0.1 percent in early Asian trading.
Japan’s Nikkei stock index added 1 percent, poised to gain 3.4 percent for the week.
Domestic equity markets snapped six-day winning streak on Thursday on the back of profit booking and weak rupee. Sensex slid 190.04 points at 26,845.81, while Nifty lost 48.05 points at 8,129.35.