In the overnight session, the S&P 500 and the Dow closed at all-time highs as worries about rising inflation subsided, while a bigger-than-expected fall in weekly jobless claims and the signing of a $1.9 trillion stimulus bill into law reinforced expectations of a strong economic recovery. The Dow Jones Industrial Average rose 0.58%, the S&P 500 gained 1.04% and the Nasdaq Composite added 2.52%. Following a strong finish for US stocks, its Asian peers also climbed. Australia’s S&P/ASX 200 Index rose 0.8%, Japan’s Topix index advanced 0.2% and South Korea’s Kospi index added 1.3%. Indian markets too looked set top open on a firm footing, amid a firm global setup. The SGX Nifty was trading at 15,420 levels around 7.15 am against Wednesday close of 15,209.