The BSE Sensex and NSE Nifty are likely to open in green on Thursday tracking SGX Nifty and a statement by the International Monetary Fund (IMF) that India near-term growth prospects look favourable.
At 8.27 am (IST), SGX Nifty was up 21 points, or 0.27 per cent, at 7,761.
Near-term growth prospects remain favourable in India but some macroeconomic imbalances still exist, IMF said on Thursday ahead of the meeting of finance ministers from G-20 countries in Turkey.
Asian shares struggled to recover on Thursday with volatility remaining high, while emerging economy and commodity-linked currencies softened as investors worried about the global repercussions of slower growth in China.
Nikkei was up 1.42 per cent at 18352.98 while Hang Seng and Nikkei were down 1.18 per cent and 0.20 per cent at 20,934.94 and 3,160.17, respectively.
Wall Street stocks jumped almost 2 per cent on Wednesday, which traders saw as a natural move after big falls.
Back home, benchmark indices declined for the third consecutive session on Wednesday. The BSE Sensex and NSE Nifty slid 0.95 per cent and 0.88 per cent at 25,453.56 and 7,717, respectively.
(With inputs from agencies)
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