the BSE Sensex opened higher by 105 points at 26,738, while the Nifty50 open above 8,200 mark.
The street expects some bustle in the days ahead with earnings, Trump swearing-in, Union budget and of course the assembly polls in 5 states which commence from Feb 4. On Wednesday again, the market settled flat after a choppy trade, mapping the GST council meet’s indecisiveness which will make an April 1 rollout a difficult task
Domestic funds have managed to absorb most of the selling by foreign investors in the last couple of days. Global cues are just about positive. The dollar has shed some weight. Minutes from the Fed’s December meeting mention "substantial uncertainty" about fiscal policy ahead following Trump victory; a "more expansionary fiscal policy" raises possibilities of "somewhat tighter monetary policy than currently anticipated."
U.S. shares ended higher on Wednesday even after minutes from the Federal Reserve's December meeting showed concerns that quicker economic growth under President-elect Donald Trump could require faster interest rate increases to ward off inflation.
Volkswagen (DE:VOWG_p) chief executive Matthias Mueller will miss the Detroit auto show next week, the German carmaker said on Wednesday, amid uncertainty over its chances of settling a U.S. criminal investigation into its emissions scandal.
Major Headlines of the day:
Tata Elxsi: The company partners with Irdeto to provide automakers with secure in-car display systems for automobiles.
M&M: Mahindra & Mahindra appointed J.P. Morgan Chase Bank, N.A. as its overseas depositary for managing its Global Depositary Receipt programme with effect from January 03.
Dena Bank: The lender to hold board meeting on January 7 to consider raising of funds.
Trend in FII flows: The FIIs were net buyers of Rs - 800.71 Cr in the cash segment on Wednesday while the DIIs were net sellers of Rs 427.09 as per the provisional figures.