Share Markert Today Live Updates: Indian benchmark indices Sensex and Nifty open higher on positive cues from global indices, especially US exchanges and GIFT Nifty. Statement on US Federal Reserve Chair Jerome Powell on possibility on easing monetary policy this year sparked a momentum in indices.
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“If the economy evolves broadly as expected, it will likely be appropriate to begin dialing back policy restraint at some point this year,” Fed Chair Jerome Powell said in his statement. “But the economic outlook is uncertain, and ongoing progress toward our 2 per cent inflation objective is not assured.”
Asian indices remained largely in negative territory. The Japanese index Nikkei is trading 359.61 points, or 0.90 per cent higher at 39,731.17 while South Korea’s Kospi inched 0.05 per cent lower to trade at 2,640.99.
International crude oil prices maintained the flatline. US WTI is trading at $79.12 a barrel while Brent is trading 0.02 per cent higher at $82.97 a barrel.
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