SBI will remain in focus as the lender reports its September quarter earnings later in the day.
New Delhi: Indian equity benchmarks are set to open higher as indicated by Nifty futures on the Singapore Exchange. Nifty futures, also known as SGX Nifty futures on the Singapore Exchange, rose 24 points to 17,948 amid mixed cues from Asian markets.
Japan’s Nikkei closed down 0.43 per cent, Hong Kong’s Hang Seng 1 per cent, Taiwan weighted 0.2 per cent and Shanghai Composite down 0.05 per cent.
Overnight, world stocks hit new records on Tuesday, lifted by gains in US and European stocks, while the latest batch of earnings reports strengthened the dollar as investors wait for the Federal Reserve’s plans for a massive stimulus. Were were
All three major US stock indexes hit intraday record highs during the session.
The STOXX 600 in Europe also posted a close to a record high on strong corporate results as France’s CAC 40 index rose to its highest level since 2000.
Back home, foreign institutional investors became net buyers of Indian equities on Tuesday as FIIs bought shares worth Rs 245 crore while domestic institutional investors bought shares worth Rs 6 crore on Tuesday.
State Bank of India will remain in focus as the country’s largest lender will report its September quarter earnings later in the day.
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