Stock Market Live: The Nifty50 and the Sensex are expected to open higher, as indicated by the GIFT Nifty. The futures were quoted at 23,247, up 191 points.
Global Markets
Most markets in the Asia-Pacific region began to recoup losses as Brent crude prices softened, with more nations pledging to help ensure supply from the Middle East. South Korea’s Kospi and mainland China’s Kospi and CSI 300 were trading 0.5 per cent and 0.52 per cent higher, respectively.
Overnight, the US stock indices declined as prolonged oil supply disruption spooked investors about the inflation and growth trajectory. The S&P 500 and the Dow Jones Industrial Average ended 0.27 per cent and 0.44 per cent down, respectively.
Brent crude prices declined in the early Asian session after Japan and several leading European nations announced measures to ensure the safe passage of ships through the Strait of Hormuz.
Brent’s May future contract was trading 2.24 per cent down at $105.37 per barrel.
Gold and silver futures rose 1.77 per cent and 3.7 per cent, respectively.
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