Sensex, Nifty Vu Opening little changed
(RTTNews) – Indian stocks are expected to open largely unchanged on Thursday as a global stock rally came to a halt amid the introduction of new Covid-19 restrictions in the UK
Other parts of Europe and the world are expected to follow suit to slow the spread of the virus until a recall campaign gains traction.
Investors are also eagerly awaiting the release of the November U.S. Inflation Report on Friday, with a solid reading likely to increase pressure on the Federal Reserve to accelerate the conclusion of its asset purchase program.
The benchmarks Sensex and Nifty climbed around 1.8% and 1.7%, respectively, on Wednesday after the RBI left its key interest rates unchanged, saying the ongoing domestic recovery needs some relief. sustained political support to make it broader. The rupee cut early losses to close the 2 paise loss at 75.46 against the greenback.
Asian markets traded mixed this morning and Treasuries held steady after falling as the dollar fell ahead of the Fed meeting next week. Crude rose slightly after the Energy Information Administration (EIA) reported a decline in US crude inventories last week.
U.S. stocks ended higher for the third day in a row on Wednesday after drugmakers BioNTech and Pfizer said a third injection of their vaccine was effective in guarding against the new strain of coronavirus.
The Dow Jones finished flat with a positive bias, while the S&P 500 rose 0.3% and the tech-rich Nasdaq Composite added 0.6%.
European stocks fell on profit-taking on Wednesday amid concerns over China’s real estate sector, growing tensions between the US and Russia over Ukraine and the announcement of major new restrictions in the UK to curb the fast-propagating Omicron variant.
The pan-European Stoxx 600 fell 0.6%. The German DAX lost 0.8%, the French CAC 40 index lost 0.7% and the British FTSE 100 ended slightly lower.
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