Photo: The Hindu Business line
Chennai, India (BBN) – The Sensex and Nifty opened the session on a flat note as traders remained wary ahead of September-quarter GDP data to be published on Thursday.
At 9.15 a.m., the 30-share BSE index Sensex was up 45.68 points at 33,664.27 and the 50-share NSE index Nifty was up 7.85 points at 10,378.10, reports The Hindu Business Line.
The dollar held firm on Wednesday after Wall Street shot to record peaks amid signs of progress on US tax cuts, while Bitcoin topped $10,000 on more exchanges as appetite for digital currencies showed no sign of fading.
Asian share markets were not as jubilant, held back by caution over the latest missile test by North Korea and concerns at recent softness in Chinese shares.
MSCI’s broadest index of Asia-Pacific shares outside Japan was up just a fraction, while China’s blue chip index eased 0.5 per cent. Among the better performers, Japan’s Nikkei added 0.4 per cent, while Australia’s main index rose 0.7 per cent.
Fed chair nominee Jerome Powell, in his Senate confirmation hearing on Tuesday, said the case for a December rate hike was coming together, though he dodged comment on the tax proposals.
Powell also hinted at a lighter touch for bank regulation, saying current rules were already tough enough.
The S&P financial sector soared 2.6 per cent in reaction, its biggest daily gain since March 1. That helped the Dow climb 1.09 per cent, while the S&P 500 rose 0.99 per cent and the Nasdaq 0.49 per cent.
BBN/MMI/ANS
