Indian shares look set to open on a flat note Friday, a day after key benchmark indexes saw their biggest fall in the last six months on large-scale selling by foreign investors.
Meanwhile, the government has approved the reappointment of Shri Shaktikanta Das as Governor of Reserve Bank of India (RBI) for a period of three years.
Benchmark indexes Sensex and the Nifty tumbled around 2 percent each on Thursday amid weak global cues and the monthly derivative contracts expiry.
The rupee, however, gained 11 paise to close at 74.92 against the greenback amid easing crude oil prices.
Asian markets traded mixed this morning, with inflation worries, weak factory activity data from Japan and disappointing earnings from Amazon and Apple keeping underlying sentiment cautious.
Cash-strapped China Evergrande Group reportedly made payments for an offshore bond coupon ahead of the expiry of a grace period, helping ease contagion fears.
The dollar held near a one-month low and U.S. 10-year Treasury yields dipped while oil prices traded mixed in Asian trade.
U.S. stocks rose overnight as a string of solid earnings reports and encouraging jobless claims figures outweighed data showing a dramatic slowdown in the pace of U.S. economic growth in the third quarter.
The tech-heavy Nasdaq Composite rallied 1.4 percent and the S&P 500 added 1 percent to reach new record closing highs while the Dow gained 0.7 percent.
European stocks struggled for direction before ending mixed on Thursday as the European Central Bank left its key interest rates and its forward guidance on asset purchases unchanged, saying that a recent spike in inflation would be temporary.
The pan European Stoxx 600 edged up 0.2 percent. The German DAX and the U.K.'s FTSE 100 both ended flat with a negative bias, while France's CAC 40 index climbed 0.8 percent.
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