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Indian benchmark equity indices BSE Sensex and Nifty 50 climbed at opening bell on Wednesday, ahead of key policy decision and commentary announcements by the RBI’s governor Shaktikanta Das, at a press conference scheduled for 10 AM today.
At opening bell, the BSE Sensex was up 167.59 points, or 0.21 per cent, at 81,802.40, while the Nifty 50 was at 43.55 points, or 0.17 per cent, at 25,056.70.
The Indian central bank governor is expected to annonuce to hold interest rates at current levels, but his commentary on inflation expectations and GDP growth estimates is what investors will be eying.
Global Cues
Meanwhile, markets in the Asia Pacific region, were down on Wednesday, with mainland China leading the loses.
Hong Kong’s Hang Seng index dragged 0.29 per cent after plummeting 9.41 per cent to close at 20,926.79 on the previous day.
Mainland China’s CSI 300 index was down 4.33 per cent, while the Shanghai Composite was down 3.68 per cent.
That apart, Japan’s Nikkei 225 was up 0.8 per cent, and the broader Topix was ahead by 0.31 per cent.
Australia’s S&P/ASX 200 was up 0.15 per cent, while South Korea’s markets remained closed for a public holiday.
On the previous day, a gauge of global stocks advanced after a rally on Wall Street overshadowed disappointment over the lack of details in China’s stimulus, as investor focus shifts to upcoming US inflation data and corporate earnings.
On Wall Street, US stocks closed sharply higher as the benchmark S&P 500 bounced back from a drop of nearly 1 per cent a day earlier, with a jump of more than 2 per cent in technology stocks providing key support.
