Markets likely to open in positive zone

Indian shares may open in upbeat mood on Thursday following positive global cues. The SGX Nifty, which was trading at 9,966 up by 21 points is indicating a positive start for the day.
 
Nifty50 has immediate resistance placed at levels of 9,940 followed by 9,980-10,000 and if it sustains above these levels it may move higher up to levels of 10,080. On the flip-side, supports for Nifty are seen around 9,860 and 9,810.
 
Back home, Indian markets ended Wednesday’s session in negative terrain, but off their day’s low as buying in cement and mining stocks such as Ultra Tech, Hindalco and Coal Indian helped to offset some of the losses. The BSE Sensex ended the session down by 148 points at 31,662, while the Nifty50 index ended at 9,916 lower by 36 points from its previous close.

The US stocks ended higher on Wednesday following news President Donald Trump agreed to support a measure that would raise the debt ceiling and fund the government for three months. The Dow Jones Industrial Average rose 54 to finish at 21,808. The Nasdaq Composite Index advanced 18 points to close at 6,393. The S&P 500 climbed 8 points to 2,466.
 
The Asian stock indices were trading positive on Thursday following cheerful close on Wall Street. The Japan’s Nikkei 225 has surged 0.38% and the Hong Kong's Hang Seng has jumped 0.44%. The China’s Shanghai Composite was almost unchanged.

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