The BSE Sensex and NSE Nifty are likely to open flat with positive bias on Wednesday tracking SGX Nifty and Asian markets. (Photo: PTI)
The BSE Sensex and NSE Nifty are likely to open flat with positive bias on Wednesday tracking SGX Nifty and Asian markets.
At 8.29 am (IST), SGX Nifty was up 7 points, or 0.09 per cent, at 8,172.
Asian stocks held firm on Wednesday as oil prices showed some signs of life, supporting battered resource shares and emerging economy currencies, while Japanese markets were tentative ahead of a crucial Bank of Japan policy meeting.
MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.7 per cent, hitting its highest level in nearly three weeks and extending gains to 7.5 per cent from three-year lows set on September 29.
Japan’s Nikkei was almost flat ahead of the Bank of Japan policy announcement later in the day.
Back home, Sensex and Nifty gained 0.55 per cent and 0.41 per cent, respectively, on Tuesday.
Jayant Manglik, president, retail distribution, Religare Securities, said, “Sentiments were upbeat on Tuesday from the beginning in response strong global cues, which later gained strength from the statements made by the Finance Minister and the Prime Minister, sharing their view on growth rate and rollout of major reforms like GST as planned. It was mixed session on sectoral front with consumer durables and FMCG topping the chart while IT pack ended in red.”
| Subscribe To Our Free Newsletter |
