Domestic equity markets are likely to open in green on Friday tracking SGX Nifty and Asian markets.
At 8.27 am (IST), SGX Nifty was up 0.74 per cent at 7,360.50.
Asian stocks rose on Friday after a hint of more monetary easing by the European Central Bank and a bounce in crude oil from 12-year lows helped soothe skittish markets.
Back home, the 50-share NSE Nifty on Thursday cracked below the 7,300-level by ending 32.50 points or 0.44 per cent down at 7,276.80, its lowest closing since May 30, 2014.
The BSE Sensex also failed to hold early morning gains on Thursday and dipped below the 24,000-mark to hit a low of 23,862 before ending 99.83 points or 0.41 per cent down at 23,962.21. This is the first below-24,000 closing since May 15, 2014.
Shares of InterGlobe Aviation and Tata Motors will remain in focus on Friday. No-frills airline IndiGo’s parent InterGlobe Aviation on Thursday reported nearly 24 per cent rise in net profit at Rs 657.28 crore in the three months ended December 2015, boosted by low fuel prices and high passenger revenues. The carrier, which got listed in November 2015, had a net profit of Rs 531.57 crore in the year-ago period.
Jaguar Land Rover has become UK’s largest car maker, a dramatic turnaround in the fortunes of the luxury car brand since it was overtaken by Tata Motors over seven-years-ago.
(With agency inputs)