The SGX Nifty is up around 170 points from yesterday's close and is indicating an open at around 9,980 levels for the Nifty today
Brent crude futures fell 2.0%, or 85 cents, to $40.88 a barrel, also giving up gains from Wednesday
World Bank yesterday forecast a 3.2 per cent contraction in India's economy in FY21 because of the Covid-induced lockdown. It had earlier predicted 1.5-2.8 per cent growth
The SGX Nifty is indicating a gap-up open today with the Nifty likely to open at around 10,260 levels on the back of firm global cues
OPEC+ had initially agreed in April that it would cut supply by 9.7 million barrels per day (bpd) during May-June to prop up prices that collapsed due to the coronavirus crisis.
Tata Motors' stock could be active in today's session after the company announced that it has resumed operations across all its manufacturing plants in the country
Corporate results will continue to pour in throughout the week. Investors will first react to HDFC's and other results that were announced over the weekend
Huge stimulus provided by economies across the globe is likely to put more money in consumer's hands, due to which gold and silver prices may spurt further
Gold is trading in 'buy on dips' environment
Sectorally, banking stocks rallied the most. The Nifty PSU Bank index jumped over 6 per cent to 1,238.05 while Nifty Bank climbed over 4 per cent to 19,635
Today, a total of 11 companies, including Nestle, Havells, and Bandhan Bank are scheduled to announce their March quarter results
A total of 13 companies, including SBI Cards and Shree Cements, are scheduled to announce their March quarter results today
Today, a total of six companies, including YES Bank and Kansai Nerolac Paints, are set to declare their quarterly numbers
With further extension of the nationwide lockdown, the RBI is considering a proposal for extending the moratorium on bank loans by another three months
In terms of corporate results, some heavyweight names will announce their March quarter results today and their impact will be well beyond their individual stocks
US West Texas Intermediate (WTI) crude futures settled at $15.06 a barrel, jumping $2.72, or 22 per cent
The Wall Street bank expects benchmark US oil prices to stabilise at around $40 a barrel next year
Moody's Investors Service has slashed India's growth forecast for calendar year 2020 to 0.2 per cent, from 2.5 per cent projected in March
According to a Business Standard report, the Centre is considering a proposal to guarantee Rs 3 trillion of loans to small businesses as part of a plan to restart economy
Roughly 85 per cent of worldwide onshore storage full as of last week, according to Kpler data