SGX Nifty is currently trading 41 points higher at 10,735.
Markets are expected to trade with a positive bias in today’s trade, continuing the positive momentum built after RBI’s monetary policy outcome.
The Reserve Bank of India, by announcing a 25-basis-point increase has put near-term speculation to rest. The accompanying commentary by the MPC members was also taken positively by the market.
The domestic market will also be happy of the fact that crude prices corrected to the lowest level in the past two months on signals that global supply is climbing after US inventories rose unexpectedly and Saudi Arabia and other big producers signaled that they may step up output.
Global markets
Major Asian markets are trading in the green, Nikkei is up 0.74%, Hang Seng is up 0.65%, while the Shanghai Composite is trading 0.10% higher.
US Markets: Stocks inched higher over the course of the trading session on Wednesday after initially showing a lack of direction. The major averages gained further momentum towards the latter half of the session.
The Dow soared 1.4% to 25,146.39, the Nasdaq climbed 0.7% to 7,689.24 and the S&P 500 surged 0.9% to 2,772.35.
The Nasdaq managed to end yet another session at record closing highs. The rally on Wall Street was mainly lead by financial stocks, which rallied on account of a pullback in US Treasuries after European Central Bank chief economist Peter Praet indicated the ECB will hold a discussion regarding ending its bond purchasing program at a meeting next week.
European market too ended on a positive note with FTSE up 0.33%, CAC was flat ending 0.06% lower, while DAX too ended 0.33% higher.
Markets are expected to trade with a positive bias in today’s trade, continuing the positive momentum built after RBI’s monetary policy outcome.
The Reserve Bank of India, by announcing a 25-basis-point increase has put near-term speculation to rest. The accompanying commentary by the MPC members was also taken positively by the market.
The domestic market will also be happy of the fact that crude prices corrected to the lowest level in the past two months on signals that global supply is climbing after US inventories rose unexpectedly and Saudi Arabia and other big producers signaled that they may step up output.
Global markets
Major Asian markets are trading in the green, Nikkei is up 0.74%, Hang Seng is up 0.65%, while the Shanghai Composite is trading 0.10% higher.
US Markets: Stocks inched higher over the course of the trading session on Wednesday after initially showing a lack of direction. The major averages gained further momentum towards the latter half of the session.
The Dow soared 1.4% to 25,146.39, the Nasdaq climbed 0.7% to 7,689.24 and the S&P 500 surged 0.9% to 2,772.35.
The Nasdaq managed to end yet another session at record closing highs. The rally on Wall Street was mainly lead by financial stocks, which rallied on account of a pullback in US Treasuries after European Central Bank chief economist Peter Praet indicated the ECB will hold a discussion regarding ending its bond purchasing program at a meeting next week.
European market too ended on a positive note with FTSE up 0.33%, CAC was flat ending 0.06% lower, while DAX too ended 0.33% higher.
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