The BSE Sensex and NSE Nifty are likely to open in green on Thursday tracking SGX Nifty and firm global markets. At 8.19 am (IST), SGX Nifty was up 0.74 per cent, or 59.50 points, at 8,035.50.
Asian stocks edged up on Thursday as global equities found breathing space after their worst quarter in four years, although caution over China Purchasing Managers’ Indexes due later in the session limited gains.
Hang Seng, Shanghai and Nikkei were up 1.41 per cent, 0.48 per cent and 1.74 per cent at 20,846, 3052 and 17690, respectively.
The Dow and S&P 500 surged overnight as bargain hunters scooped up beaten-down shares.
Back home, Sensex and Nifty gained over 1 per cent on Wednesday following upbeat global markets. The sentiments also got a boost after the Reserve Bank of India went for a bigger-than-expected rate cut on Tuesday. Sensex closed 376.17 points up at 26,154.83. Nifty advanced 105.60 points at 7,948.90.