Trends in SGX Nifty indicate that Indian indices may open marginally higher on Friday. Asian markets were mixed as investors worried about the impact of rising interest rates, while US stocks closed higher. Crude oil prices fell and bond yields rose. Investors in India will be watching the outcome of the RBI policy meeting for further indications.
Wall Street manages to end with modest gains
A late afternoon rebound led by technology companies helped propel stocks higher on Wall Street on Thursday, lifting the market off an early slide. The S&P 500 rose 0.4%, its first gain since two days of decline. The Dow Jones Industrial Average managed to gain 0.3% and the tech-heavy Nasdaq gained 0.1%.
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