Markets are expected to open on a positive note tracking firm gains in Asia.
Global risk appetite surged after Federal Reserve Chairman Ben Bernanke pledged to keep monetary policy flexible in the near-term till US economy shows signs of recovery.
At 8:30AM IST, SGX Nifty was up 15 points at 5989.
Meanwhile Asian shares rose in early trades after Bernanke's remarks came as the Fed's Beige Book report of anecdotal information on business activity showed the US. economy continued to grow at a modest to moderate pace in June and early July, but housing data was disappointing.
Among the key Asian indices, Japan’s Nikkei was up 0.6% to 14,703, Singapore’s Straits Times gained 0.5% to 3,225 in the opening deals.
Overnight, US stocks rallied on expectations of stimulus.
The Dow Jones industrial average rose 18.67 points, or 0.12 percent, to end at 15,470.52. The Standard & Poor's 500 Index gained 4.65 points, or 0.28 percent, to finish at 1,680.91. The Nasdaq Composite Index advanced 11.50 points, or 0.32 percent, to close at 3,610.00.
Domestically, companies such as Axis Bank, Bajaj FinServ will report their April-June earnings later today
Global risk appetite surged after Federal Reserve Chairman Ben Bernanke pledged to keep monetary policy flexible in the near-term till US economy shows signs of recovery.At 8:30AM IST, SGX Nifty was up 15 points at 5989.
Meanwhile Asian shares rose in early trades after Bernanke's remarks came as the Fed's Beige Book report of anecdotal information on business activity showed the US. economy continued to grow at a modest to moderate pace in June and early July, but housing data was disappointing.
Among the key Asian indices, Japan’s Nikkei was up 0.6% to 14,703, Singapore’s Straits Times gained 0.5% to 3,225 in the opening deals.
Overnight, US stocks rallied on expectations of stimulus.
The Dow Jones industrial average rose 18.67 points, or 0.12 percent, to end at 15,470.52. The Standard & Poor's 500 Index gained 4.65 points, or 0.28 percent, to finish at 1,680.91. The Nasdaq Composite Index advanced 11.50 points, or 0.32 percent, to close at 3,610.00.
Domestically, companies such as Axis Bank, Bajaj FinServ will report their April-June earnings later today
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