Stock market live: Indian equity benchmarks Sensex and Nifty opened higher on global cues. BSE Sensex opened 400.48 points or 0.54 per cent higher at 74,049.10 and Nifty opened 110.60 inches or 0.60 per cent higher at 22,447.00. Gift Nifty was trading at a 16-point premium of 22,401 at the opening bell, rising as much as 65 points before falling.
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The Indian rupee traded little changed at $83.86 against the US dollar on expectations that importers will take advantage of a mini-economic recovery and that a US Federal Reserve rate cut is not imminent. It started.
Non-deliverable forwards show the rupee opens little changed from the previous session’s 83.3625.
International oil prices are steady after falling in the previous session as investors continue to assess risks from geopolitical concerns in the Middle East. The price stability stems from a statement by Iran’s foreign minister that the Iranian government does not seek further escalation of tensions with Israel.
“We will not have a new response unless there is new adventurism by Israel that is against our interests,” Amirabdollahian told US-based NBC News.
Brent crude oil futures, the world’s benchmark, rose 4 cents to $87.34 per barrel, and U.S. West Texas Intermediate (WTI) crude oil futures also rose 4 cents to $82.22 per barrel.
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