- US markets ended higher on Thursday with Dow closing 1.3% higher and Nasdaq closing 2.7% higher
- Asian markets trading higher
- SGX Nifty indicating gap-up opening of 190 points
- FIIs net sold worth Rs 451.82 crore while DIIs net bought worth Rs 130.63 crore
- FIIs unwind positions in Index futures Longs at 42%
- Nifty holds 20 DMA, 50 DMA at 16,885
- Beaten down sectors, stocks may see bigger rally
- IT may see more near-term rally this month