Commodity market is not expected to open at a much high. Getting a track of Asian markets , the US- China trade goes optimistic about the local fund buying. Talking about Ticker News Service market summary at pre-open, Stocks may open flat-to-higher tracking global cues.
Firms that are engaged in fluctuations among crude oil prices are in deliemma. Prices of oil are rising from last few days. Also provides a sign of hope from stimulus measures by US Central bank that supports the investor risk appetite lately and expected to aid rally in equity markets. Investors would eye on the earnings release for the near-term guidance. Those earnings will fulfill the expectation while currency movement guided overseas investor participation.
India’s Nifty futures traded 0.16% higher at Rs11,737 on Singapore’s SGX Stock Exchange on Wednesday.
Moreover, Asian stocks traded higher on Wednesday after good growth of gold in commodity market. Also, supported by hopes that Sino-US trade talks made positive progress.
While few investors remained on sidelines and all the focus is on results of general elections 2019.