Moneycontrol News

The Nifty50 is expected to open higher on Thursday following positive trend seen in other Asian markets. The Nifty50 slipped 22.5 points or 0.2 percent at 10,526 on Wednesday.

Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 33.5 points or 0.32 percent. Nifty futures were trading around 10,588-level on the Singapore Exchange.

The S&P 500 eked out a small gain while the Dow declined after a volatile trading session on Wednesday, with weakness in sectors such as consumer staples and financials offsetting strong gains in the energy and industrial indexes, Reuters reported.

Resource stocks were on a roll in Asia on Thursday as oil prices hit heights not seen since late 2014, though the potential boost to inflation globally also pressured fixed-income assets.

Oil prices trading close to highs touched in the previous day that were last seen in late 2014, buoyed as US crude inventories declined and as top exporter, Saudi Arabia is expected to keep withholding supply to prop up the market, Reuters reported.