Sensex, smart ready to open a business

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At 7:30 a.m., Nifty futures were trading up 0.57% on the Singapore Stock Exchange

Domestic stock markets are expected to open firmly, extending the upward movement seen on monetary policy day, due to cautiously positive signals from the global market. Wall Street posted modest gains overnight, Asian markets should have a slightly positive start, and early indications from SGX Nifty futures trading point to a healthy opening for indices at home. As of 7:30 a.m., Nifty futures were trading at 14,929 points, up 65 points or 0.57%, on the Singapore Stock Exchange.

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Asian stocks are set to follow cautious Wall Street gains on Thursday after minutes from the latest Federal Reserve meeting reiterated its commitment to keep interest rates low until the US economy does. a safer recovery.

Australian S & P / ASX 200 futures were up 0.52% to start trading, while Japanese Nikkei 225 futures were up 0.03%.

Major averages were largely unchanged on Wednesday, with the S&P 500 closing slightly after the Federal Reserve released the minutes of its latest meeting which bolstered the US central bank’s stance to remain patient before raising rates.

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The Dow Jones rose 16.02 points, or 0.05%, to 33,446.26, the S&P 500 gained 6.01 points, or 0.15%, to 4,079.95 and the Nasdaq Composite fell 9 , 54 points, or 0.07%, to 13,688.84.

Meanwhile, oil futures edged higher on Wednesday amid the improving global economic outlook, but gains were capped by rising gasoline inventories and fears that new coronavirus outbreaks would weaken. the global recovery in fuel demand.

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Brent futures were at $ 63.16 per barrel, up 42 cents, or 0.7%, and U.S. West Texas Intermediate crude was at $ 59.77 per barrel, gaining 44 cents, or 0.7%.

On Wednesday, the BSE Sensex gained 460.37 points and Nifty climbed 135.50 points after the RBI kept policy rates unchanged in the first monetary policy in fiscal 2022.

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