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The domestic equity indices are likely to open on a strong note on Thursday, tracking firm Asian markets, after US stocks rallied in overnight trade on strong data and Fed minutes suggested delays to further Fed rate hikes, at least for the time being.Brent crude futures rallied 7.2 per cent on Wednesday after Iran welcomed four Opec members' recent decision to freeze crude output, raising hope that it would support the move to check the oil glut.
Nifty50 futures on the Singapore Stock Exchange were trading 45 points higher at 7,181, indicating a gapup opening for the domestic market.
Most Asian markets were trading higher. Japan's benchmark Nikkei was trading 2.46 per cent higher at 16,229. China's CIS300 rose 0.45 per cent to 3,077. Other Asian indices, including Hong Kong's Hang Seng (up 2.22 per cent), South Korea's Kospi (up 0.92 per cent) and Taiwan's TWSE (up 1.09 per cent) were trading higher.
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