Benchmark indices BSE Sensex and NSE's Nifty 50 are likely to open higher on Friday after Reserve Bank of India governor Shaktikanta Das said there is room for more rate cuts. Moreover, hopes of a GST rate cut today to boost the ailing economy also support the shares.

On the global markets front, Asian share prices inched higher on Friday as economic stimulus around the world eased fears of economic deceleration while crude oil prices climbed on concerns that last weekend's attacks on Saudi Arabia's oil facilities still pose supply risks.

On Thursday, the Sensex ended 470.41 points lower at 36,093.47, while the broader Nifty50 index lost 135.85 points to end the day at 10,704.80.

At 7:56 am, the SGX Nifty futures traded higher by 0.20 percent, or 21 points, at 10,725.50, indicating a positive start for the Sensex and the Nifty.

Stocks To Watch: YES Bank, Axis Bank, PNB, Oriental Bank of Commerce in focus. Click here to know more



About MarketBuzz

The CNBCTV18.com podcast on the big themes, vital news and key events that you should know before the opening bell, powered by CNBC-TV18 anchors.

MarketBuzz is your daily morning briefing by CNBC-TV18 research analysts and anchors Sonia Shenoy, Ekta Batra, Anisha Jain, Nigel D’Souza and Mangalam Maloo to jumpstart your stock market investing.

Subscribe to our free podcasts on Audioboom or listen on the featured podcast page on CNBCTV18.com.

Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!