Indian markets are likely to witness a positive opening on Thursday tracking a rally across most Asian stocks and a bullish finish at Wall Street overnight as FOMC minutes signaled that interest rates in the world’s biggest economy could stay low in the near-term, bolstering risk taking appetite. SGX Nifty is trading 33.00 points higher.
Indian shares fell for a second consecutive session on Wednesday, reflecting the cautious sentiment in global markets after an influential U.S. Federal Reserve official said interest rates could rise as soon as September. The S&P BSE Sensex and CNX Nifty fell 0.21% each.
On Wednesday (Aug 18, 2016), BSE SENSEX closed at 28005.37, down by 59.24 points, or by 0.21%, and the NSE Nifty ended at 8624.05, down by 18.5 points, or by 0.21%.
Asian stocks rose and the greenback languished near two-month lows on Thursday after minutes of the U.S. Federal Reserve's latest meeting showed policymakers were in no rush to raise interest rates.
US stocks closed mostly higher on Wednesday as investors digested the release of the Federal Reserve's July meeting.
European shares fell on Wednesday, with Austrian brickmaker Wienerberger, brewer Carlsberg and UK insurer Admiral sliding after publishing results.
Major Headlines of the day:
Rane Group to invest Rs 500-600 cr over 3 years
Lupin gets USFDA nod for generic potassium deficiency drug
Tata Motors hikes Tiago prices by up to Rs 6,000
Trend in FII flows: The FIIs were net buyers of Rs 0.05 Cr in the cash segment on Wednesday while the DIIs were net sellers of Rs –89.37 Cr, as per the provisional figures.