The 50-share Nifty index is expected to open higher with a 100-point gap on Friday following positive trend seen in other Asian markets. Tracking the momentum, the index may reclaim its crucial psychological level of 8050-8100 in trade on the first day of September series.
At 08:00 A.M., Nifty India stock futures in Singapore were trading 143 points higher at 8,136 indicating a gap-up opening on the domestic market. The 50-share Nifty index slipped 6.8%, while Sensex plunged 6.7% in August series. On Thursday, the benchmark index staged a strong comeback and jumped 517 points, its biggest single day jump in two weeks, to reclaim the 26,000 mark, while Nifty rose 157 points.
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