Indian shares are seen opening on a lackluster note Thursday amid mixed global cues and ahead of Reliance Industries Ltd’s (RIL) annual general meeting, with analysts expecting a slew of announcements across its telecom, retail and 02C businesses.
Benchmark indexes Sensex and the Nifty gave up early gains to end down about half a percent on Wednesday while the rupee settled 10 paise higher at 74.27 against the greenback, snapping its two-day losing streak.
Asian markets were trading mixed this morning and gold edged lower on a firmer dollar while the benchmark 10-year U.S. Treasury yield held below 1.50 percent.
Oil traded above $73 a barrel on signs of a tightening market while Bitcoin traded at around $33,500.
U.S. stocks ended little changed in a quiet session overnight after strong manufacturing data and reassurances from U.S. Federal Reserve Chair Jerome Powell that inflation pressures will be transitory.
The tech-heavy Nasdaq Composite edged up 0.1 percent to a new record closing high while the Dow slipped 0.2 percent and the S&P 500 eased 0.1 percent.
European stocks ended Wednesday’s session lower as inflation worries overshadowed encouraging euro zone economic data.
The pan European Stoxx 600 dropped 0.7 percent. The German DAX lost 1.2 percent, France’s CAC 40 index shed 0.9 percent and the U.K.’s FTSE 100 slipped 0.2 percent.
Market Analysis
Sensex, Nifty May See Cautious Start Ahead Of RIL AGM
2021-06-24 02:51:07
