Indian equity markets have had three days of sideways movement. The benchmarks ended little changed on Tuesday after recovering from the day’s lowest.
The S&P BSE Sensex recovered more than 400 points, while the NSE Nifty 50 rebounded over 120 points from their respective day’s low.
Futures are indicating a positive start to the trading day. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, rose 0.4% to 13,635 as of 8:10 a.m. on Wednesday.
Punjab National Bank is out of the F&O ban, while Canara Bank remains.
Asian markets are gaining this morning after their peers in the U.S. halted a four-day losing streak overnight. Besides, benchmarks in Australia are outperforming, while those in Japan and South Korea are trading with gains.
Futures on the Dow Jones are trading 20 points lower. The index ended with gains of 1.1% on Tuesday.
West Texas Intermediate crude fell 0.2% to $47.53 per barrel, while gold was flat at $1,852.2/Oz.
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