Indian equity markets gained for the second straight session, recouping most of the losses from their biggest intra-day drop in seven months on Monday.
So far this week, curtailed by the Christmas holiday, the Sensex and Nifty 50 are down 1%. Losses in Thursday’s session would snap their seven straight weekly gaining streak. But in case of an advance, that would be the first time Nifty gains for eight weeks in a row since December 2017-January 2018. Futures are indicating a positive bias to today’s trade.
The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, rose 0.26% to 13,663 as of 8:00 a.m.
SAIL and Sun TV are out of the F&O ban for today’s weekly options expiry session, while Canara Bank and Punjab National Bank remain.
Globally, most Asian markets are advancing this morning ahead of the Christmas holiday period.
Futures on the Dow Jones are up 60 points currently. The index ended 0.4% higher on Wednesday.
West Texas Intermediate crude rose 0.2% to $48.18 per barrel, while gold rose by a similar quantum to $1,877.2/Oz.
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