Stocks to watch today: Better-than-expected US inflation data and supportive global cues are likely to cheer Indian equity markets on Thursday. As of 7:10 AM, the SGX Nifty Futures quoted 17,745 levels, indicating a gap-up open of over 200 points on the Nifty50.
Globally, the US markets clocked strong gains on Wednesday after the US CPI eased from 40-year high to 8.5 per cent in July. Dow Jones jumped 500 points to 1.6 per cent, while the S&P 500 climbed 2.1 per cent, and NASDAQ Composite rose 2.8 per cent.
Asia-Pacific markets, too, were exuberant in trade on Thursday
Asia-Pacific markets, too, were exuberant in trade on Thursday