The 50-share Nifty index is expected to open flat on Thursday following muted trend seen in other Asian markets. Tracking the momentum,
At 07:30 a.m., Nifty India stock futures in Singapore were trading 9.5 points higher at 7,892 indicating flat opening on the domestic market.
Nifty ended the day with a marginal loss of 22 points at 7875 on Wednesday. The index may continue to inch higher over the next three to five sessions till 7958 and beyond that it may even test 8047 in case of extreme bullishness.
Overnight, U.S. stocks ended mostly higher after minutes from the Federal Reserve's July meeting gave investors reason to believe that the central bank is in no rush to raise interest rates. the US Federal Reserve is expected to release the minutes of the latest FOMC meeting at 11:30 pm tonight. Investors hope that the minutes will shed further light on the Federal Reserve's exit strategy from its asset-purchasing programme and ultra-low benchmark interest rate. Some hawkish Fed members, like Philadelphia Fed president Charles Plosser, have already started beating the drums of an early interest rate increase.The focus of Wall Street though is on the annual symposium on monetary policy in Jackson Hole
US markets gained on Wednesday with the S&P 500 closing near record highs as FOMC minutes indicate that Fed will continue to support the economy
Meanwhile, the dollar index scales the 82 mark with the greenback at a 11-month high versus the euro.
In the currency space, dollar traded at 11-month highs against a basket of major currencies after minutes of the Federal Reserve's July meeting sounded slightly hawkish. In commodities, brent crude saw more modest gains, as it recovered after falling to a 14-month low. From precious metals space, gold lost to a fifth session to trade near a two-week low after the US dollar strengthened.
At 07:30 a.m., Nifty India stock futures in Singapore were trading 9.5 points higher at 7,892 indicating flat opening on the domestic market.
Nifty ended the day with a marginal loss of 22 points at 7875 on Wednesday. The index may continue to inch higher over the next three to five sessions till 7958 and beyond that it may even test 8047 in case of extreme bullishness.
Overnight, U.S. stocks ended mostly higher after minutes from the Federal Reserve's July meeting gave investors reason to believe that the central bank is in no rush to raise interest rates. the US Federal Reserve is expected to release the minutes of the latest FOMC meeting at 11:30 pm tonight. Investors hope that the minutes will shed further light on the Federal Reserve's exit strategy from its asset-purchasing programme and ultra-low benchmark interest rate. Some hawkish Fed members, like Philadelphia Fed president Charles Plosser, have already started beating the drums of an early interest rate increase.The focus of Wall Street though is on the annual symposium on monetary policy in Jackson Hole
US markets gained on Wednesday with the S&P 500 closing near record highs as FOMC minutes indicate that Fed will continue to support the economy
Meanwhile, the dollar index scales the 82 mark with the greenback at a 11-month high versus the euro.
In the currency space, dollar traded at 11-month highs against a basket of major currencies after minutes of the Federal Reserve's July meeting sounded slightly hawkish. In commodities, brent crude saw more modest gains, as it recovered after falling to a 14-month low. From precious metals space, gold lost to a fifth session to trade near a two-week low after the US dollar strengthened.
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