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Domestic equity markets could see a positive start on Friday, a day after the benchmarks gave up early euphoria to end marginally higher, following the government's unveiling of the revamped Goods and Services Tax (GST).
The early indicator of Nifty50 performance -- GIFT NIFTY -- was up 57 points at 24,884 as of 7:50 AM.
Most equity markets in Asia advanced, tracking a global rally, as key data points reinforced the expectations of a September rate cut by the Federal Reserve. The MSCI AC Asia Pacific index was up 0.45 per cent, last seen, buoyed by a rally in Japan's Nikkei (up 0.9 per cent) and Australia's S&P / ASX 200 (0.34 per cent).
Overnight, stocks on Wall Street hit a fresh record after US jobless claims rose to the highest since June. Traders will also eye the key jobs data on Friday, which is expected to extend the weakest stretch of US job growth since the pandemic, Bloomberg reported.
The S&P 500 closed 0.83 per cent higher while tech-heavy Nasdaq was up 0.98 per cent.
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