Domestic stock markets are likely to start Friday’s session on a sharply positive note, ahead of the Reserve Bank of India’s address to the media due at 10 am. The Singapore Exchange (SGX) Nifty futures – an early indicator of the National Stock Exchange (NSE) Nifty index – climbed up as much as 233.75 points to touch 9,293.75 ahead of the opening of Indian markets. At 7:54 am, the SGX Nifty futures were up 201.50 points – or 2.22 per cent – at 9,261.50.
Analysts say the markets are expected to consolidate with the possibility of bouts of volatility in the near term.
Earlier this week, the government extended a 21-day nationwide lockdown by another 19 days to curb the spread of the coronavirus (COVID-19) pandemic.