The Indian market is likely to follow positive global cues on Friday, although the Indian rupee's close at record low against the dollar may keep overall investor sentiment cautious. The Singapore-traded SGX Nifty was trading at levels around 11,440 Vs Nifty August Future's Thursday close of 11,410, indicating a green opening for Indian equities on Friday.
Here is what you need to know before the market opens: Asia: Shares rose after China and the United States agreed to hold trade talks and as the Turkish lira extended gains from its record low earlier this week. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.2 percent in early trade, a day after it hit its lowest level in a year. Japan's Nikkei gained 0.5 percent. MSCI's index of world stocks rose 0.63 percent on Thursday. US markets: The Dow Jones Industrial Average rose 396.32 points to 25,558.73, the S&P 500 gained 22.32 points to 2,840.69 and the Nasdaq Composite added 32.41 points to 7,806.52. Crude oil: Benchmark Brent crude oil futures fetched $71.27 a barrel, down 0.2 percent in Asia on Friday after 0.69 percent rise the previous day. US crude futures stood at $65.31 a barrel, down 0.23 percent. Dollar: The euro, which has been affected by concerns about European banks' exposure to Turkey, traded at $1.1375, off 13-1/2-month low of $1.1301 on Wednesday. The yen changed hands flat at 110.97 per dollar. Market at close: The Sensex settled at 37,663.56, down 188.44 points. The NSE Nifty 50 finished at 11,385.05, showing a loss of 50.05 points. Rupee: The Indian rupee collapsed to a historic intra-day trading low of 70.40 before closing at fresh life-time low of 70.15 per dollar, down by 26 paise or 0.37 per cent over the previous close. The 10-year benchmark bond yield also dropped sharply to end at 7.86 per cent. FII & DII data: Foreign institutional investors (FIIs) sold shares worth Rs 825.08 crore while domestic institutional investors bought shares worth Rs 133.78 crore in the Indian equity market on Thursday, as per provisional data available on the NSE. Trade conflict: China and the United States will hold lower-level trade talks this month, the two governments said on Thursday, offering hope that they might resolve an escalating tariff war that threatens to engulf all trade between the world’s two largest economies. Oil bill: India's crude oil import bill is likely to jump by about $26 billion in 2018-19 due to the rupee's fall, which could fan inflation worries. Debt securities listing: Sebi on Thursday drastically cut the timeline for listing of debt securities to six days from 12 days at present, in order to make the existing process of issuance of such securities simpler and cost effective. With inputs from agencies