MARKET LIVE: SGX Nifty suggests a higher opening; RBI press meet in focus

Buyers will observe the 10 AM push convention by RBI Governor Shaktikanta Das now and his announcements, if any, will most likely have a major bearing on the market’s trajectory now.

Other than, rating agency Crisil yesterday sharply reduce its India expansion estimate for 2020-21 to three.5 per cent citing the intense dent in the economic activity because of to the coronavirus pandemic. Study More

World-wide CUES

In the US, Wall Avenue rallied overnight despite a document amount of new unemployment filings in the United States, as traders centered on the unanimous passage of a $two trillion coronavirus relief monthly bill in the U.S. Senate. The Dow Jones and the S&P 500 surged over six per cent every single and the Nasdaq Composite climbed 5.six per cent.

Asian stocks also rose on Friday. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1 per cent. Australian shares had been up two per cent, although Japan’s Nikkei inventory index rose three.sixty five per cent.

In commodities, oil fell as fears of plunging demand outweighed expectations of assistance from the US stimulus. Brent fell two.26 per cent to $26.77 a barrel.

(with inputs from Reuters)