The key domestic benchmarks are likely to witness a positive opening today tracking a mostly bullish trend in fellow Asian peers as a dip in the number of Americans filling for jobless claims signaled a pickup in the labour market of the world’s biggest economy. US jobless claims fell by 36,000 to 280,000 last week, the Labour Department said. China’s Shanghai Composite fell while Hang Seng rose but Japan’s Nikkei 225 surged as a weaker yen boosted the appeal of exporter stocks. Back home, foreign fund inflows may continue at a robust pace amid speculation that strong Indo-China trade ties may boost growth in Asia’s third biggest economy. China has agreed to invest US 20 billion in India over five years while Chinese President Xi Jinping assured his Indian counterpart Narendra Modi that China will allow greater market access to Indian companies. The stock of Tata Motors may be in focus today after Moody’s raised the corporate family rating to Ba2/stable from Ba3/stable.
