SGX Nifty Futures Trade in Green Ahead of RBI MPC Meet; Global Cues in View

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SGX Nifty Futures Trade in Green Ahead of RBI MPC Meet; Global Cues in View

By Malvika Gurung

Investing.com -- The Nifty 50 Futures listed on the Singapore-based Exchange SGX, an early indicator for Nifty50 , was trading 0.34% or 59.5 points higher at 8:50 am on Wednesday, indicating a positive-to-muted opening on Dalal Street ahead of the RBI’s monetary policy meeting. 

Further, the Dow Jones Futures climbed 0.28% and Nasdaq 100 Futures traded flat.

Major indices on Wall Street ended a choppy session lower on Tuesday amid fresh geopolitical tensions stemming between the US and China on the U.S. House Speaker Nancy Pelosi’s trip to Taipei despite warnings from Beijing, and economic uncertainties.

The US dollar staged its biggest surge in three weeks and elevated on Wednesday as the Fed considered the potential for further, aggressive interest rate hikes. 

Sam Stovall of CFRA Research stated, “Regarding recession, it's not a question of 'if' but 'when and how deep.'"

Nasdaq Composite dropped 0.16%, Dow Jones plunged 1.23% and S&P 500 declined 0.67%.

Stocks across Asian markets were mostly up on Wednesday despite Wall Street’s overnight correction and escalating US-China tensions.

At 8:45 am, South Korea’s KOSPI climbed 0.52%, Japan’s Nikkei 225 rose 0.53%, Hong Kong’s Hang Seng index advanced 0.3%, China’s Shanghai Composite was up 0.2%, and Australia's ASX 200 fell 0.37%.

Oil slipped on Wednesday ahead of the OPEC+ meeting over concerns of a global slowdown curtailing demand and a strong dollar. Brent crude slid 0.32% to $100.22/barrel and WTI Futures lowered 0.24%. Natural gas Futures gained 0.44%.

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  • lokesh sharma @lokesh sharma
    there is a two sgx nifty 1 and sgx nifty 2 so which one impact on nifty50 here in india ?
    Like 0
  • VIRAJ TIWARI @VIRAJ TIWARI
    quite useful news and let's see what's today's Market situation overall.
    Like 1
  • VIRAJ TIWARI @VIRAJ TIWARI
    quite useful news and let's see what's today's Market situation overall.
    Like 0

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