The market on Friday is likely to open slightly positive as global cues largely recovered amid trade war concerns.

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However, despite the recovery, Asian shares remained near nine-month lows.

MSCI's broadest index of Asia-Pacific shares outside Japan was flat in early trade, Australian shares were 0.1 percent higher, while Japan's Nikkei stock index was down 0.2 percent.

Stocks on Wall Street posted small gains on Thursday, helped by financial and technology shares, but broader market sentiment remained subdued on lingering concerns over US-driven trade tensions.

The SGX Nifty was trading at levels around 10,587, indicating a flat to positive opening for the Indian market.

The Indian market closed in the red on Thursday with the BSE Sensex at 35,037.64 points, declining by 0.51 percent, while the NSE Nifty 50 shed over 82 points to end the day at 10,589.10 points, lower by 0.77 percent.

On the NSE, 14 scrips advanced as against 36 declines, while all sectoral indices ended in the negative zone except Nifty Metal. Nifty IT, Media, Pharma, PSU Bank, Realty declined between 1 to 2.21 percent.

First Published:Jun 29, 2018 7:29 AM IST