Indian equities are likely to open flat with positive bias on Friday, January 11, 2013. SGX Nifty is trading at 6,001 (08.11 am), 4.5 points higher than Thursday of 5,996.5.
Asian stocks rose, as Japanese shares gained after the Cabinet approved 10.3 trillion yen (USD 116 billion) of economic stimulus measures. Japanese benchmark index Nikkei 225 rose 129.21 points, or 1.21%, to trade at 10,783.06.
Oil prices rose Thursday, propelled by a rebound in China's trade growth and an encouraging start to the U.S. corporate earnings season. Benchmark crude for February delivery was up 39 cents to USD 93.49 a barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract slipped 5 cents to end at USD 93.10 a barrel in New York on Wednesday on the heels of rising U.S. crude supplies.
US stocks rose on Thursday as stronger-than-expected exports from China spurred optimism about global growth prospects. The Dow Jones industrial average gained 80.71 points, or 0.60%, to 13,471.22.
European stocks declined on Thursday as European Central Bank policy makers kept the benchmark interest rate at a record low. UK's benchmark index FTSE 100 advanced 2.86 points, or 0.05%, to end at 6,101.51.
In the spot market, the Dollar Index increased 0.11% to 79.82. (21:24 ET)
World commodity prices gains on Thursday with the increase in Reuters Jefferies CRB Index by 0.87%.