By Malvika Gurung
Investing.com -- The Nifty 50 Futures listed on the Singapore-based Exchange SGX, an early indicator for Nifty50 , was trading 0.34% or 54 points higher at 8:48 am on Friday, indicating a positive opening on Dalal Street, following mixed global cues ahead of RBI’s three-day monetary policy meet outcome, with investors expecting a 35-50 bps rate hike.
Major indices on Wall Street ended mixed on Thursday, with the tech-heavy index Nasdaq hitting a new three-month high, aided by Amazon.com (NASDAQ: AMZN ) and Advanced Micro Devices (NASDAQ: AMD ), while losses in energy stocks and heavyweight Apple (NASDAQ: AAPL ) dragged S&P 500 .
Investors also await a key US jobs report due on Friday for clues on the interest rate hikes further taken by the Fed. Further, the Bank of England raised interest rates to 1.75%, the highest in 27 years, while warning of a long recession on the way.
Stocks across Asian markets were mostly up on Friday, following a tech upside on Wall Street, while Wall Street conducted military exercises around Taiwan.
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