Nifty50 likely to experience split opening with rise in crude oil prices

Owing to the rise in crude oil in US that moved to a five-month high of $40 a barrel on Thursday, domestic equity indices are likely to see a split opening on Friday. At 7:45am Nifty50 Futures were trading 56 points higher at 7,545 on the Singapore Stock Exchange, demonstrating a gap-up opening for the domestic market. Charts stay positive for Nifty50 According to experts, Thursday's fall was disappointing, yet, the same will not be experienced on Friday, as Thursday's trade was just an impression of a great deal of years getting aback. Despite of the sell-off in late trading the overall chart patterns stays positive for Nifty50. Probably, Friday will be a more standard day with normal movements.

US market ended reflecting green on Thursday The S&P500 index rose 0.66 percent to 2,040.59, ending the Wall Street at higher on Thursday. The DOW Jones industrial average advancing 0.90 per cent to 17,481.49. In US, WTI crude futures setteld higher to $1.74, or 4.5 percent at $40.20, in the wake of scaling a 2016 high of $40.26. Brent rough's front-month futures ended $1.21 up at $41.54, after prior achieving the year's peak of $41.60.  

Mixed effect on Asian markets Most of the Asian markets were trading mixed. Taiwan's TWSE (up 0.66 percent) and South Korea's Kospi (up 0.26 percent). Hong Kong's Hang Seng (up 0.43 percent). Japan;s benchmark Nikkei was trading in red with 1.45 percent lower at 16,690. China's CSI300 in green with the rise of 0.69 percent to 3145.66.