INDIAN
BENCHMARKS are likely
to open on a slightly higher note as the global cues look supportive with SGX
Nifty trading 29 points higher.
Headlines
for the day:
·Supreme
Court orders Nestle India to test Maggie in Mysore Lab
·Golden
Tobacco gets Rs121.55 crore tax notice
·Maruti
Suzuki to get minority shareholder nod for the Gujarat plant
Global
Indices:
Globally,
Asian stocks extended rally for the second day on Thursday, tracking a strong
finish on Wall Street overnight, as traders welcomed the historic US
interest-rate hike in almost a decade.
Following the
conclusion of the two-day policy meet, the US Fed on Wednesday raised the range
of its benchmark interest rate to between 0.25 per cent and 0.50 per cent from
the zero to 0.25 percent range, indicating healthy growth in the world’s
largest economy.
Cheering the
news, China’s Shanghai Composite and Hang Seng surged over 1 per cent, while
Japan’s Nikkei 225 rallied over 2 per cent following Wall Street rally. US
stocks ended higher in overnight trade, making its third straight gain in more
than a week, after the US Federal Reserve raised interest rates for the first
time in nine years, signaling confidence that the economy is recovering
sustainably.
Trend in FII flows: The FIIs
were net sellers of Rs – 503.22 Cr in the
cash segment on Wednesday while the DIIs were net buyers of Rs 1024.02 Cr, as per the
provisional figures released by the NSE.
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