Opening Bell: SGX Nifty Signals Mute Start

The NSE IX GIFT Nifty climbed 7.5 points, or 0.04 percent, to 19,512, indicating that Dalal Street would have a mute start on Thursday.

The Nifty 50 was trading above the 19,520 mark in the pre-opening session. At this hour, the 50-share price index is trading at 19,570.1, up 126.1 points or 0.65% from its previous close. The Nifty 50 index is trading in the green.

Domestic shares rose for the third day in a row on Wednesday, as foreign investors became net purchasers.

US markets finished dramatically higher on Wednesday, with Nvidia shares rising ahead of the company’s quarterly earnings, whose processors are widely used in artificial intelligence (AI) computing.

Asia’s equities surged as US stocks rallied and Treasury yields fell as a result of weak economic data that supports the case for the Federal Reserve to postpone interest rate hikes.

Oil prices fell in early Asian trade on Thursday, as dismal industrial data in major economies offset optimism about a larger-than-expected drawdown in US petroleum inventories.

On Wednesday, foreign portfolio investors made net purchases worth Rs 614 crore. DIIs also purchased shares worth Rs 125 crore.

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