Domestic stock markets have opened their doors, continuing the uptrend seen on monetary policy day, due to cautiously positive signals from the global market. By 9:18 a.m., the BSE Sensex had recovered the 50,000 mark to trade at 50,000.81, up 328 points or 0.65% and the NSE Nifty was at 14,914.50, up 94 , 70 points or 0.66%. The larger markets are also trading companies, with the BSE Midcap and BSE Smallcap indices earning around half a percent each.
Overnight, the Dow Jones rose 16.02 points and the S&P 500 gained 6.01 points, while the Nasdaq Composite lost 9.54 points.
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.
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.