Benchmark indices opened higher on Friday taking cues from their Asian peers which rose on hopes for a thaw in China-US trade relations that gave Wall Street an impetus.
Jet Airways made a U-turn by paring all its losses to trade 4 per cent higher as Tata Sons will take up the proposal of the possible acquisition of the private airline company at its board meeting later today.
TRADE DATA
Exports bounced back in October to high double-digit figures after a mild contraction in September, as engineering goods, pharmaceutical and chemical shipments picked up pace. However, this didn't prevent trade deficit from widening, as crude oil bill continued to shoot up.
GLOBAL MARKETS
MSCI's broadest index of Asia-Pacific shares outside Japan was ahead 0.26 per cent in early trade, while Japan's Nikkei added 0.2 per cent.
The benchmark S&P 500 index gained 28.62 points, or 1.06 per cent, to 2,730.2, snapping five days of losses. Shares of Apple Inc advanced 2.5 per cent to end a five-day losing streak and help the technology sector.
The Dow Jones Industrial Average rose 208.77 points, or 0.83 per cent, to 25,289.27 and the Nasdaq Composite added 122.64 points, or 1.72 per cent, to 7,259.03.
OIL PRICES
Oil prices regained a little composure after their recent drubbing, helped by a decline in US fuel stockpiles and the possibility of a cut in OPEC output. US crude was trading up 3 cents at $56.49. Brent crude was yet to trade but had ended Thursday up 58 cents at $66.70 a barrel.
