Today is the final trading day of the truncated week for India’s equity markets, as well as first day of the October-December quarter.
The benchmarks ended the June-September period with gains of over 9% — their second straight quarterly advance.
So far this week, the Sensex and Nifty 50 have risen more than 2%. Futures are indicating that the indices are poised to extend their weekly advance. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, was rose 0.9% to 11,357 as of 7:55 a.m. on Thursday.
The street will watch out for automakers reporting their sales figures for September, listing of Chemcon Specialty Chemicals and Computer Age Management Services and manufacturing PMI data for September.
Globally, equity trading halted in Japan this morning on account of the biggest technical system issue in over a decade. Markets in Australia are trading with gains, while those in China, Hong Kong, Taiwan and South Korea are shut on account of a holiday.
Indian markets, too, are closed on Friday on account of Gandhi Jayanti.
Futures on the Dow Jones are trading higher by 170 points. The index ended 1.2% higher on Wednesday.
Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.