INDIAN BENCHMARKS are likely to open on a slightly higher note as the global cues look supportive with SGX Nifty Trading Tips 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.
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