Markets across the Asia-Pacific region remained on edge as crude oil hovered above $100 a barrel after US President Donald Trump announced a three-week truce extension between Israel and Lebanon. His comments regarding Iran added to investor nervousness, visible in early trade in South Korea and Hong Kong.
In India, attention is on quarterly earnings. Infosys has reported its March quarter results, while Reliance Industries is set to announce its Q4 numbers today.
GIFT Nifty is trading higher at around 24,230, indicating a positive start for Indian equity markets. On Thursday, domestic equities were volatile, with the Sensex falling 852.49 points, or 1.09 percent, to 77,664, and the Nifty declining 205.05 points, or 0.84 percent, to 24,173.05.
Reliance Industries Ltd is expected to post steady fiscal fourth-quarter earnings, with analysts estimating revenue at Rs 2.81 lakh crore and net profit at Rs 16,943.5 crore.
