The domestic benchmark indices are set to be dictated by stock-specific action, the movement of rupee against the US dollar, and crude oil prices on Friday.
BS Web Team | New Delhi Last Updated at March 15, 2019 08:04 IST
On the global front, a two-day rate review ends today for the Bank of Japan which is widely expected to maintain a pledge to guide short-term interest rates at -0.1 per cent and 10-year government bond yields around zero per cent.
In the west, British lawmakers voted overwhelmingly on Thursday to seek a delay in Britain’s exit from the European Union, setting the stage for Prime Minister Theresa May to renew efforts to get her divorce deal approved by parliament next week.
Back home, benchmark indices took a breather on Thursday with the S&P BSE Sensex closing at 37,755, up 3 points or 0.01 per cent while the NSE’s Nifty50 index settled the day at 11,343, down nearly 2 points or 0.01 per cent.
Asian stocks made modest gains on Friday, tracking improved global sentiment after UK lawmakers voted to delay Brexit and as a weaker yen supported Japanese shares, but a fresh flare up in U.S.-China trade concerns is expected to cap gains.
MSCI broadest index of Asia-Pacific shares outside Japan inched up 0.06 per cent. Japan’s Nikkei climbed 0.9 percent and South Korea’s KOSPI rose 0.45 per cent.
The S&P 500 slipped on Thursday, snapping a three-day streak of gains, as uncertainty over when a trade deal between the United States and China would be reached left investors on edge. The Dow Jones Industrial Average