The domestic stock markets are likely to open firm, continuing with the momentum witnessed in the previous trading session. Trends on SGX Nifty indicate a positive start for the markets back home. At 7:30 am, the Nifty futures were trading at 18,275, higher by 95 points or 0.8 per cent, on the Singapore Stock Exchange.
Overnight, the S&P 500 and Nasdaq ended higher on Wednesday, led by gains in Amazon.com and Microsoft, but JPMorgan shares fell along with other bank shares and weighed on the market. The Dow Jones declined 0.53 points, whereas S&P 500 gained 0.30 per cent and Nasdaq Composite added 0.73 per cent.
Asian markets were trading mixed on Thursday morning; the Nikkei and Kospi gained 1 per cent each, while Straits Times fell 0.3 per cent.
In corporate earnings, HCL Technologies, Indiabulls Real Estate and Century Textiles will declare their Q2 numbers during the day.
On October 13, the BSE Sensex had surged 452.74 points and the NSE Nifty had climbed 169.80 points.
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