MARKET LIVE: Nifty, Sensex, Inflation, Powell, NSE, BSE, HDFC, PVR, RIL, Dow Jones


MARKET LIVE:

The Indian equity are likely to open on a muted note as global cues turn mixed. As of 7:54 AM, the SGX Futures quoted 15,740 levels, indicating a cut of over 50 points on the Nifty50.

Globally, the US closed mixed on Wednesday after the Chairman Jerome Powell emphasized on the central banks’ hawkish stance to tame high . While Dow Jones advanced 0.2 per cent, both NASDAQ Composite and the S&P 500 dropped in the negative zone – falling to 0.03 per cent and 0.07 per cent, respectively.

That said, Asia-Pacific markets, too, traded in wobbly territory on Thursday morning. Nikkei 225 dropped 0.7 per cent and Kospi declined 0.9 per cent. However, the mainland Chinese inched up in trade after factory activity grew in June. 

Meanwhile, prices of oil snapped three-day run on recession fears. Brent Crude slipped 0.3 per cent to $115 per barrel and WTI Crude hovered around $110 a barrel.

Back home, will be in focus after the lender raised Rs 4,000 crore through a paper with 21 months maturity. That apart, Biocon will acquire 26 per cent stake in AMPYR Renewable Energy Resources Eleven for Rs 7.5 crore.

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