At 9:15 AM, the S&P BSE Sensex is trading at 28,175 up 51 points, while NSE Nifty is trading at 8,694 up 21 points.
The rupee opened lower by 14 paise at 66.95/$ against US Dollar Friday as against the previous close of 66.81/$. The rupee opened on fresh dollar demand from banks and importers on the back of strong dollar in overseas markets. The rupee seen at lowest level since August 9.
Asian markets are trading mixed on Friday. In Japan, the Nikkei 225 and Hong Kong's Hang Seng trading lower by 0.56%. Shanghai Composite is marginally down.
On the economy front, PM Narendra Modi and FM Arun Jaitley met on Thursday to discuss candidates for RBI governor. The successor to Raghuram Rajan, who completes his three-year term on September 4, is expected to be announced shortly.
Wall Street closed slightly higher. The Dow Jones Industrial Average gained 0.13% to close at 18,597.7, while the S&P 500 added 0.22% 2,187.02 and the Nasdaq Composite rose 0.22% to 5,240.15.
Moody's Investors Service retained India's growth forecast at 7.5% for 2016 but revised upwards estimates for China to 6.6 % citing strong fiscal and monetary support.
Oil prices surged 3% overnight, with Brent hitting an eight-week high as the world's biggest producers prepare to discuss a possible freeze in production levels.
The rupee opened lower by 14 paise at 66.95/$ against US Dollar Friday as against the previous close of 66.81/$. The rupee opened on fresh dollar demand from banks and importers on the back of strong dollar in overseas markets. The rupee seen at lowest level since August 9.
Asian markets are trading mixed on Friday. In Japan, the Nikkei 225 and Hong Kong's Hang Seng trading lower by 0.56%. Shanghai Composite is marginally down.
On the economy front, PM Narendra Modi and FM Arun Jaitley met on Thursday to discuss candidates for RBI governor. The successor to Raghuram Rajan, who completes his three-year term on September 4, is expected to be announced shortly.
Wall Street closed slightly higher. The Dow Jones Industrial Average gained 0.13% to close at 18,597.7, while the S&P 500 added 0.22% 2,187.02 and the Nasdaq Composite rose 0.22% to 5,240.15.
Moody's Investors Service retained India's growth forecast at 7.5% for 2016 but revised upwards estimates for China to 6.6 % citing strong fiscal and monetary support.
Oil prices surged 3% overnight, with Brent hitting an eight-week high as the world's biggest producers prepare to discuss a possible freeze in production levels.
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