SGX Nifty:
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 11 points at the opening bell.
The Reserve Bank of India (RBI) Governor-headed rate setting panel -- Monetary Policy Committee (MPC) -- started its first meeting of the 2022-23 fiscal on 6 April 2022. The outcome will be announced today, 8 April 2022. Investors are awaiting the RBI's policy decision today amid expectations that the central bank might retain status quo on interest rate. In the previous meeting, MPC left the key policy rates unchanged.
Global markets:
Overseas, Asian stocks are trading lower on Friday after a comeback on Wall Street as investors continued to digest the Fed's plans to fight inflation.
US stocks rebounded on Thursday, following back-to-back losing sessions, as investors reassessed the Federal Reserve's latest plans to tighten monetary policy and combat rising inflation.
Investors on Thursday continued to monitor the Ukraine-Russia war, as Ukraine asks NATO for more weapons and the EU and U.S. weigh a ban on Russian coal. Meanwhile, the U.S. Senate passed a bill banning Russian oil and gas imports.
Domestic markets:
Back home, the key equity benchmarks extended losses for the third session on Thursday. The S&P BSE Sensex fell 575.46 points or 0.97% at 59,034.95. The Nifty 50 index shed 168.10 points or 0.94% at 17,639.55.
Foreign portfolio investors (FPIs) sold shares worth Rs 5,009.62 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,774.70 crore in the Indian equity market on 7 April, provisional data showed.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU