The Nifty50 is expected to open above 10,700 on Thursday following positive trend seen in other Asian markets. The Nifty50 closed 91 points higher at 10,684 levels.

Trends on SGX Nifty indicate a positive opening for the broader index in India, a gain of 36 points or 0.34 percent. Nifty futures were trading around 10,731- level on the Singaporean Exchange.

Wall Street indexes rallied on Wednesday with help from financial stocks as investors eyed strong economic data and trade war fears took a back seat while the Nasdaq registered its third straight record closing high, said a Reuters report.

Asian shares rose to 2 1/2-month high on Thursday, supported by strong economic fundamentals, added the report.