The Indian equity market is expected to open in the green today after yet another volatile trading day. The SGX Nifty, an indicator of the market opening, was trading at 8794, up 21 points.
Globally, the US markets closed the trading day at 15-year highs after the US Federal Reserve Chairperson Janet Yellen said the central bank will remain patient on rate hikes.
Asian trade is mixed with Japan’s Nikkei relatively under performing as the dollar-yen fell closer to the 118 levels.
European equities, meanwhile, ended in positive territory after the approval of Greece’s bailout extension plan helped.
Back home, battling numerous litigations, the government has deferred the next round of coal block auctions. Coal Secretary Anil Swarup said the auctions, which were supposed to start today, will now be held on March 4.
And after Suzlon, Sun Pharma's Dipil Shanghvi is set to step up his investment drive as a 47 percent stake in Hindustan Oil Exploration Company (HOEC) is next on his radar.
In other asset classes, Brent Crude slipped to USD 58 per barrel and precious metal gold edged marginally higher after Yellen’s comments on considering any hike on a "meeting-by-meeting basis."
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