Nifty’s Opening Cues Ahead of RBI MPC Decision, SGX Nifty Up 23 Pts
By Malvika Gurung
Investing.com — The listed on the Singapore-based Exchange SGX, an early indicator for , traded 0.12% or 23 points higher at 8:48 am on Thursday, indicating a flat to marginally higher opening on Dalal Street ahead of .
Further, the and traded flat.
RBI is set to release its at 10 am on June 8, 2023, and Investing.com expects the central bank to keep the repo rate unchanged at 6.5% for the second consecutive time today.
Major US indices ended mixed on Wednesday as investors booked profits after many months of mega-cap stocks run and ahead of key economic triggers and events lined up for next week.
The market’s volatility barometer, closed at the lowest level since February 2020.
tanked 1.29%, gained 0.27% and declined 0.38% on Wednesday.
Asian shares dipped on Thursday following a partial sell-off on Wall Street in the overnight session and as fears seeped in after a surprise interest rate hike by the Bank of Canada that instilled concerns that the US could also increase rates for longer, especially ahead of the Fed’s policy meet next week.
At 8:44 am, Japan’s dipped 0.13%, South Korea’s declined 0.36%, Hong Kong’s dropped 0.24%, China’s traded flat and Australia’s advanced marginally.
Oil prices declined on Thursday amid mixed demand signals from major world economies, while initial support from a Saudi production cut now appeared to be waning, an Investing.com report stated.
dropped 0.23% to $76.78/barrel and fell 0.22% to $72.38 a barrel. declined 0.47%.