Meanwhile, the US stocks closed moderately higher while the S&P 500 climbed up to a new high again on Thursday led by large technology companies.
Asian markets were mixed as Japan’s Nikkei 225 jumped 1.1 per cent in early trade while the Topix index advanced 0.88 per cent. South Korea’s Kospi gained 0.35 per cent. Stocks in Australia dipped as the S&P/ASX 200 declined 0.1 per cent. MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.12 per cent higher.
However, Indian markets opened in red on Friday, dragged by losses in banks and financial stocks. After opening the Sensex was down by 210 points at 49,535 while the Nifty fell 60 points to 14,813. It later recovered and entered the green in an hour, showing minor gains.
Yesterday, Indian shares ended some way off the day’s high but still in the green, rising for a third straight session on Thursday. The Sensex ended 84 points higher at 49,746 while the Nifty rose 55 points to settle at 14,874.