MARKET LIVE: SGX Nifty up 60 points; all eyes on RBI Governor’s speech

MARKET LIVE: markets, sgx nifty, adani ports, rbl bank, bharti airtel, ril
LIVE market updates: The SGX Nifty indicated a positive start for the benchmark indices on Wednesday. Covid-related updates, global cues and corporate results will remain the key triggers for the Indian on Wednesday, while investors will also await the address by RBI Governor Shaktikanta Das scheduled for 10 AM today. 

On the Covid front, India recorded 382,691 new cases in the last 24 hours, taking the cumulative caseload to over 20.6 million, according to Worldometer.

Global cues

The Nasdaq had dropped 1.9 per cent on Tuesday as some big tech names ran into profit-taking, including Microsoft Corp, Alphabet Inc, Apple Inc and Amazon.com Inc. S&P500 also dropped 0.7 per cent while Dow Jones closed 0.06 per cent higher.

Asian shares risked falling for a fourth straight session on Wednesday as sentiment took a knock from a selloff in large cap Wall Street tech darlings, combined with talk of rising US interest rates.

Oil prices climbed to seven-week peaks as more countries opened their borders to travellers, improving the demand outlook for petrol and jet fuel. Brent added 57 cents to $69.49 a barrel, near its highest since mid-March.

Results today

A total of 20 companies, including Tata Steel, Adani Enterprises, Adani Green Energy, Blue Dart Express, Ceat, Craftsman Automation, and Deepak Nitrite are set to release quarterly earnings today.

(with inputs from Reuters)

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