At 9:15 AM, the BSE Sensex opened higher by 133 points at 27,033, while the Nifty50 opened higher by 36 points at 8,325 mark.
The Indian rupee opened weaker by eight paise against US Dollar at 68.25 per dollar versus 68.18 Tuesday. US dollar held steady ahead of US president-elect Donald Trump's first news conference set for today, while the Mexican peso hit a record low. Pound hit a ten-week low of $1.21, as British PM is expected to unveil her plans for Brexit in the next few weeks.
Market focus is accentuated on US President elect Donald Trump’s press conference today and next week’s inaugural address.
US markets remained subdued where investors awaited start off earnings season and a news conference from President Donald Trump to be held on January 11. S&P 500 closed flat at 2268.9 levels as fall in oil offset the advance in healthcare stocks.
Dow closed marginally lower by 0.16%. However, Nasdaq maintained its winning spree and reported its 4th record close, gaining 0.36% intraday.
European markets closed mostly higher, where UK’s FTSE 100 broke a new record, closing 0.52% up. This was driven by a rally in mining stocks and British Pound devaluation. France's CAC 40 remained flat; and Germany's DAX closed 0.17% up with hopes that Germany's economy would expand 1.5% in 2017.
Asian markets started off Wednesday's session on a positive note, ahead of Donald Trump’s first full-fledged press conference after election. Moreover, base metals remained strongly up driven by buoyant Producers Price Inflation (PPI) data from China. Nikkei 225 is 0.29% up, Hang Seng has surged 0.69%; while Shanghai Composite is flat.
The Indian rupee opened weaker by eight paise against US Dollar at 68.25 per dollar versus 68.18 Tuesday. US dollar held steady ahead of US president-elect Donald Trump's first news conference set for today, while the Mexican peso hit a record low. Pound hit a ten-week low of $1.21, as British PM is expected to unveil her plans for Brexit in the next few weeks.
Market focus is accentuated on US President elect Donald Trump’s press conference today and next week’s inaugural address.
US markets remained subdued where investors awaited start off earnings season and a news conference from President Donald Trump to be held on January 11. S&P 500 closed flat at 2268.9 levels as fall in oil offset the advance in healthcare stocks.
Dow closed marginally lower by 0.16%. However, Nasdaq maintained its winning spree and reported its 4th record close, gaining 0.36% intraday.
European markets closed mostly higher, where UK’s FTSE 100 broke a new record, closing 0.52% up. This was driven by a rally in mining stocks and British Pound devaluation. France's CAC 40 remained flat; and Germany's DAX closed 0.17% up with hopes that Germany's economy would expand 1.5% in 2017.
Asian markets started off Wednesday's session on a positive note, ahead of Donald Trump’s first full-fledged press conference after election. Moreover, base metals remained strongly up driven by buoyant Producers Price Inflation (PPI) data from China. Nikkei 225 is 0.29% up, Hang Seng has surged 0.69%; while Shanghai Composite is flat.
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