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Mangalam Maloo's market update on December 7: Sensex, Nifty likely to open positive; HCL Technologies, HPCL, Jet Airways, HDFC in focus

Mangalam Maloo's market update on December 7: Sensex, Nifty likely to open positive; HCL Technologies, HPCL, Jet Airways, HDFC in focus
The Indian market is likely to recover on Friday as its Asian peers tried to find their footing after the speculation that the Federal Reserve might be "one-and-done" with US rate hikes.
Global investors, however, remained concerned over Sino-US relations after the arrest of smartphone maker Huawei Technologies chief financial officer Meng Wanzhou, which threatened to chill talks on some form of trade truce.
At 07:13 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was up 0.61 percent at 10,689.00, indicating a recovery for the Indian market.
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