Mumbai, India (BBN)-The Nifty and the Sensex opened in the green following positive global cues.
The Nifty opened 36 points up at 8,227, while the Sensex opened 105 points up at 26,738, reports The Hindu Business Line.
A report by SMC global said: “Asian stocks edged higher on Thursday, underpinned by a firm Wall Street after minutes from the Federal Reserve’s December meeting suggested a less hawkish stance from policymakers.
US shares ended higher on Wednesday even after minutes from the Federal Reserve’s December meeting showed concerns that quicker economic growth under President-elect Donald Trump could require faster interest rate increases to ward off inflation.
The FOMC minutes suggested a less hawkish stance from policymakers.
However, the FOMC dot plots project three interest rate hikes in 2017.
However, the market is less optimistic with Fed Fund futures pricing in two hikes as The FOMC minutes noted upside risk to growth forecasts and uncertainty over the level of fiscal stimulus.”
All the broader and sectoral indices were trading in the green.
Volatility was down 4.01 per cent with the India Vix quoting at 15.2525.
BBN/SK/AD