D-St Opening Cues Ahead of India, US CPI, FOMC Minutes & TCS Q4

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D-St Opening Cues Ahead of India, US CPI, FOMC Minutes & TCS Q4
Credit: © Reuters.

By Malvika Gurung

Investing.com -- The Nifty 50 Futures listed on the Singapore-based Exchange SGX, an early indicator for Nifty50 , traded 0.1% or 17 points higher at 8:40 am on Tuesday, indicating a flat or slightly higher opening on Dalal Street.

Further, the Dow Jones Futures and Nasdaq 100 Futures traded flat.

The session on Wednesday is lined up with multiple economic triggers including the releases of India CPI and US CPI data for March, US FOMC meeting minutes , and US crude oil inventories data, among others.

Read Also: US, India CPI, FOMC Minutes: Economic Events in Busy Holiday-Curtailed Week

The IT bellwether TCS (NS: TCS ) is also set to release its March 2023 quarterly earnings report on Wednesday.

Read Also: Behemoths TCS, Infy, HDFC Bank (NS: HDBK ) to Release Q4 Earnings This Week

Major indices on Wall Street ended Tuesday on a mixed note ahead of the US inflation data, the first quarter’s earnings season, and the Fed’s meeting minutes.

Nasdaq Composite declined 0.43%, Dow Jones gained 0.29% and S&P 500 ended flat.

Asian stocks gained on Wednesday ahead of crucial economic data from the US and the Fed’s minutes for the March meeting.

At 8:44 am, South Korea’s KOSPI climbed 0.06%, Japan’s Nikkei 225 rose 0.62%, China’s Shanghai Composite gained 0.36%, Hong Kong’s Hang Seng index declined 0.64% and Australia’s ASX 200 climbed 0.56%.

Oil prices remained flat on Wednesday, sticking to near one-month highs. Brent crude was at $85.59/barrel and WTI Futures traded at $81.5 a barrel. Natural Gas Futures was flat.

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