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Indian equity market likely to open in green on global cues 

Nifty may follow Asian markets now, which advanced in Thursday's early trade, following overnight gains in US equities. 

With SGX Nifty trading at 7965.50 up 30.50 points at the time of writing, the Indian equity market is likely to open in the green on the back of global cues. 

Yesterday, it was a day of consolidation on Dalal Street. Major indices closed with minor gains and Nifty held above the 7900 mark. It may follow Asian markets now, which advanced in Thursday's early trade, following overnight gains in US equities.(Stock Cash Tips)

In the global markets, the Dow Jones index closing up about 43 points at its highest since July 20, 2015. 

European markets closed higher, as investor sentiment was buoyed by oil prices which pared earlier losses. All eyes are now on the European Central Bank (ECB) policy meeting scheduled for today, where the central bank is expected to make no policy changes. 

On the currency front, dollar edged up against a basket of major currencies and euro was flat ahead of the ECB meet. 

In commodity space, crude prices slipped after gaining over 3 percent overnight as government data showed that US crude stocks rose slightly less than expected last week.

Back home, it is glittering time for jewellery exporters as the government steps in to pacify them. The commerce ministry mulls allowing exporters to get duty free gold on their exports.

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