SGX Nifty Indicates Gains For Sensex, Nifty At Open; Keystone Realtors Listing In Focus

Global stocks headed for the highest level in more than two months on Thursday after Federal Reserve meeting minutes showed increased support for tapering interest rates.

At 8:15 a.m., the Singapore-traded SGX Nifty — an early barometer of India’s benchmark Nifty 50 — rose 0.47% to 18,340.

Crude dropped in anticipation of a higher-than-expected price cap on Russian oil and a rise in U.S. product stockpiles. Gold rose 0.3%, while Bitcoin rose 1.6% to trade near $16,400-level.

Domestic benchmarks indices maintained their upward movement for a second day even after paring gains from early trade. The rise in banking, metals, and oil and gas stocks was offset by a decline in information technology and FMCG stocks.

The rupee dropped against the U.S. dollar to close at the day’s low, a day after it closed higher.

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