Gift Nifty hints at start in green as Crude eases to $88


Stock Market Live: After a day’s gap, benchmark indices Sensex and Nifty are eyeing a start in green on Wednesday amid positive cues from the US overnight, and retreating oil prices. At 7:15 am, the Gift Nifty futures were trading at 19,309, up nearly 40 points. 

In the US, the S&P 500 gained 0.73 per cent, the Dow was up 0.62 per cent and the Nasdaq added 0.93 per cent on Tuesday as 10-year treasury yield eased a bit from its record high.    

Asian markets were mixed this morning with Nikkei, Hang Seng rising 1 per cent and 2 per cent, respectively. Strait times and Kospi fell up to 0.4 per cent. CSI 300 in China was up 1 per cent. 

Crude oil eased to $88 per barrel after dipping over 2 per cent on Monday as economic data in the Euro zone and Britain came weaker than expected, raising worries about a slowdown and demand slump for oil. 

Among stocks, Delta Corp will be in focus after the Bombay High Court directed the Directorate General of GST Intelligence, Hyderabad, to not pass a final orders on Rs 16,195-crore tax notice against the company without prior permission from the court.


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