India’s Nifty and Sensex eye a subdued start on Thursday, following an upbeat close on Wednesday.
Nifty and Sensex cheered positive European equities and softer Indian WPI inflation data.
Nifty and Sensex traders gear up for India’s trade data and a fresh batch of US statistics.
The Sensex 30 and Nifty 50, India’s key benchmark indices, are set to open on a flat to lower side this Thursday, after a positive close on Wednesday. Gift Nifty, rebranded from SGX Nifty, is trading 0.05% lower on the day, suggesting a muted open for Nifty and Sensex.
The Indian indices defied the early bearish sentiment, tracking the advance in their European counterparts amid a recovery in risk sentiment while softer India’s Wholesale Price Index (WPI) inflation data also added to the renewed optimism.
The National Stock Exchange (NSE) Nifty 50 index finished Wednesday at 21,840 while the Bombay Stock Exchange (BSE) Sensex 30 settled at 71,833. Both indices gained roughly 0.40% on the day
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
Hot
No comment on record. Start new comment.