The Indian stock market benchmark bourse BSE Sensex and Nifty50 are poised to open higher on Wednesday after positive global indicators and heightened expectations over India-US bilateral trade deal.
The Asian markets surged after Wall Street indices closed mixed on Wednesday’s trading session s expectations of ending the longest US government shutdown rose.
In trade on Tuesday, the Indian stock market indices rallied consecutively with the Sensex closing 335.97 0.40%, to close at 83,871.32, and the Nifty 50 surging 0.47% to 25,694.95.
Let’s have a look at the global market cues for Indian stock market benchmark indices today.
Asian markets closed higher on Wednesday, following a mixed trade on Wall Street overnight. Japan’s Nikkei 225 rose 0.21%, the Topix rose 0.35%, South Korea’s Kospi surged 0.29%, while the Kosdaq rallied 0.62%.
Gift Nifty was trading around 25,955 level, a premium of nearly 144 points from the Nifty futures’ last close, signalling a gap-up start for the Indian stock market indices.
The US stock market ended mixed on Tuesday, with the Dow Jones Industrial Average posting a record high close, on progress toward ending the longest US government shutdown.
The Dow Jones Industrial Average surged 1.18%, while the S&P 500 gained 0.21% to end at 6,846.61. The Nasdaq closed 0.25% lower at 23,468.30.
US President Donald Trump said his administration plans to lower the high tariffs levied against India, as New Delhi has “stopped” the Russian oil purchase. According to reports, Trump also said that Washington is close to a “fair deal” with New Delhi.
The US President Donald Trump said his government intends to reduce tariffs levied on India as the south Asian nation has stopped purchasing Kremlin oil. Reportedly, he also said the US is nearing a fair deal with India.
Bihar exit polls forecast a return to power for the NDA, projecting a clear majority, while the Mahagathbandhan is expected to secure fewer seats. The Bihar legislative assembly has 243 seats, and 122 seats are needed for a simple majority. The Bihar election results will be announced on November 14.