By Malvika Gurung
Investing.com -- The Nifty 50 Futures listed on the Singapore-based Exchange SGX, an early indicator for Nifty50 , traded 0.51% or 88.5 points higher at 8:49 am on Thursday, indicating Dalal Street to make a positive opening after a day’s break, bucking an overnight fall in the US market.
Major indices on Wall Street ended lower on Wednesday despite a fag-end surge after the release of strong US labour demand data, which indicated that the US Fed would continue hiking interest rates to control inflation.
Private employers increased hiring in September despite tighter financial conditions in the US. Treasury yields shot up again in the session.
Stocks across Asian markets traded mixed on Thursday after opening higher in the session, defying the overnight trend on Wall Street.
At 8:50 am, Japan’s Nikkei surged 0.92%, South Korea’s Kospi jumped 1.4%, Hong Kong’s Hang Seng fell 0.6% and Australia's ASX 200 slipped 0.13%, while the Chinese market remained closed on account of National Day.
Oil rose on Thursday after OPEC+ approved to tighten global crude supply even further, marking its deepest cuts since 2020 at its meeting on Oct 5, slashing supply in an already tight market.
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