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(RTTNews) – Indian stocks are expected to open slightly higher on Friday despite mixed global indices.

Heavyweight Reliance Industries could be in focus after the government selected Reliance New Energy Solar among other companies for investments under the Rs 18,100 crore Production Linked Incentive (PLI) scheme for storage advanced chemical cell (ACC) batteries.

Energy stocks could also see increased activity as oil prices retreated after reports that the United States and its allies were considering releasing more oil from storage to cool markets.

Benchmarks Sensex and the Nifty fluctuated before ending slightly lower on Thursday, while the rupee edged up 4 paise to end at 76.35 against the dollar. Asian markets were flat this morning as investors watch for updates on the Russian-Ukrainian war.

Russia wants to end the war in Ukraine by May 9, a day widely celebrated in Russia as Victory Day over Nazi Germany, media outlets quoted intelligence sources as saying.

US President Joe Biden will be in Poland today to discuss the Ukraine crisis with his Polish counterpart Andrzej Duda.

U.S. stocks rallied overnight as commodity prices cooled and data showed weekly jobless claims fell to their lowest level in 52 years, bolstering investor confidence in the economic recovery.

The Dow Jones climbed 1%, the tech-heavy Nasdaq Composite jumped 1.9% and the S&P 500 added 1.4%.

European stocks ended Thursday’s session on a mixed note as Western leaders vowed to step up support for Ukraine and extend sanctions against Russia at a special NATO summit.

Inflation concerns also weighed after ECB board member Frank Elderson said the ECB could raise rates this year. The pan-European Stoxx 600 index fell 0.2%.

Germany’s DAX slid 0.1% and France’s CAC 40 index fell 0.4% while Britain’s FTSE 100 edged higher.

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