The market may extend recent gains, with the indices set to hit fresh record highs on firm Asian stocks. Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could gain 34.50 points at the opening bell.
Today Asian Shares rose up, as investors looked toward the US nonfarm payrolls report later in the global day for confirmation that the US employment picture has improved. Key benchmark indices in China, Singapore, Japan, South Korea, Indonesia, Taiwan and Hong Kong were up 0.01% to 0.72%.
The CNX Nifty was up 28.60 points or 0.45% to 6,429.75. The index hit a high of 6,430.20 in intraday trade, a new record high, with the index surpassing its previous record high of 6,415.25 hit on 9 December 2013. The index hit a low of 6,413.55 in intraday trade.
Nifty futures traded on the Singapore Exchange are up 0.44 percent, while the MSCI-Asia Pacific excluding Japan index also gains 0.2 percent, signaling India's NSE index may rise to record high in premarket trading.
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