From Nasdaq:

Indian shares are expected to open positively on Thursday after Wall Street stocks inched closer to record highs. Benchmark indexes Sensex and Nifty jumped about 1 percent each and hit fresh closing highs while the rupee fell 16 paise to close at 83.35 against the dollar.

Asian markets are trading at five-month highs with the dollar easing as Treasury yields touched seven-month lows. Oil showed little change after experiencing the largest two-week drop in the U.S. trading session on signs of U.S. stockpile build and the return of major shippers to the Red Sea.

U.S. stocks made modest gains overnight with the Dow hitting a new record closing high. The yield on the ten-year note fell to its lowest level in five months after a strong auction, which added to optimism that the Fed will start cutting interest rates soon. The tech-heavy Nasdaq Composite and the S&P 500 hit their best closing levels in nearly two years.

European stocks rose in thin post-Christmas trading on Wednesday, with the pan European STOXX 600 advancing 0.2 percent. The German DAX edged up 0.2 percent, France’s CAC 40 finished marginally higher, and the U.K.’s FTSE 100 added 0.4 percent.



Read more: Sensex, Nifty To Open Tad Higher As Yields Drop On Rate Cut Bets