Nifty likely to start in the green; global cues mixed

Moneycontrol BureauIndian shares are likely to start in the green a day following the Union Budget, even as global equities are trading mixed despite a surge in oil prices.At the time of writing, the SGX Nifty in Singapore is trading 0.77 percent, or 54 points, higher to 7062.Globally, US markets closed lower while in Asia, Chinese shares rose after the PBOC eased monetary policy.Crude oil rose above USD 36 per barrel after Saudi Arabia pledged to work with other crude producers to limit market volatility.The yen rose after a G20 meeting offered no concrete action to address concerns about slow growth and low inflation.Locally, individual stocks will likely see more action as investors digest details of the Budget presented yesterday by Finance Minister Arun Jaitley.Analysts said the Budget would help boost consumption in rural India, kickstarting a vital engine in India's growth story.