BSE Sensex and NSE’s Nifty 50 are set to open cautious today ahead of the Reserve Bank of India’s policy decision. Photo: PTI
- Mumbai: Benchmark indices BSE Sensex and NSE’s Nifty 50 are set to open cautious today ahead of the Reserve Bank of India’s policy decision. Of the 15 economists surveyed by Mint, 14 expect RBI to raise repo rate to 6.75%. SGX Nifty Futures traded 47 points lower, indicating a negative start for the Sensex and the Nifty 50. Both the indices fell over 2% in the previous session. FIIs sold shares worth Rs 2,760.63 crore on net basis, while DIIs purchased equities to the tune of Rs 1,823.59 crore on Thursday, provisional data showed.In global markets, Asian shares struggled after benchmark U.S. Treasury yields surged to a seven-year high and strong economic data fanned concerns about inflation and the risk of faster-than-expected interest rate rises. The surge in Treasury yields has also prompted a rise in government bond yields across the globe. The U.S. dollar was steady. Oil prices rose, lifted by looming U.S. sanctions against Iran’s crude exports that are set to start next month. Here are the latest updates from the markets: