By Malvika Gurung
Investing.com -- The Nifty 50 Futures listed on the Singapore-based Exchange SGX, an early indicator for Nifty50 , traded 0.46% or 82 points higher at 8:52 am on Friday, indicating a positive opening on Dalal Street.
Major US indices rose sharply on Thursday, led by a strong rally in the tech-heavy Nasdaq Composite , as Meta (NASDAQ: META ) Platforms soared 14% and touched the highest levels in over a year on quarterly revenue forecast above estimates, while Alphabet Inc (NASDAQ: GOOG ), Amazon.com (NASDAQ: AMZN ) and Comcast (NASDAQ: CMCSA ) also witnessed strong gains in the session, overshadowing concerns stemming over a slowdown in US economy.
Asian shares witnessed gains on Friday, driven by strong earnings, while investors awaited the Bank of Japan’s (BoJ) policy decision .
Japan’s CPI rose more than expected in April, moving back towards a 40-year high to 3.5% in April, signalling more pressure on the BoJ to tighten policy this year.
Oil prices rose slightly on Friday, but were nursing sharp losses for the week, as oil contracts Brent crude climbed 0.26% to $78.42/barrel and WTI Futures traded at $74.93 a barrel. Natural Gas Futures declined 0.34%.
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