Moneycontrol BureauThe market is likely to open mildly in the green today after a flat close Wednesday post the monetary policy. Indicator SGX Nifty was trading fractionally up at 8821.
Market will watch for quarterly results of Power Grid, which is expected to deliver steady set of numbers with revenue growth of 20 percent.
Asian markets were trading mixed in morning trade following the mild close in US markets. The Nikkei 225 fell 0.40 percent by early trade, while in South Korea, the Kospi was down 0.04 percent.
US equities closed mixed as financials led decliners, while oil rebounded following the release of key supply data. The Dow Jones fell about 35 points, with Goldman Sachs contributing the most losses. The 10-year u-s benchmark bond yields declines for a third consecutive day to 2.34 percent, the lowest level in three weeks.
European stocks closed flat as the earnings season continued to be the main focus for investors. Also political uncertainty continued to dominate markets with investors rushing for gold.
The US dollar was weak pressured by the decline in treasury yields amid uncertainty about President Donald Trump's economic policies.
Crude prices rose as investors covered short positions when a big rise in US crude inventories was not as massive as many had feared, and as gasoline futures got a boost from a surprise decline in inventories of the fuel.
Gold hit a three-month peak as the political risk of European elections and worries over president Trump's policies led to safe-haven demand.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
