Indian Shares Set For Positive Start

By RTTNews5 days ago


(RTTNews) - Indian shares look set to open slightly higher on Thursday despite mixed global cues and a massive resurgence of the coronavirus, with the country logging a record over 126,200 daily cases of the coronavirus disease on Wednesday.

Benchmark indexes Sensex and the Nifty rose about 1 percent on Wednesday after the RBI pledged to maintain an accommodative stance for as long as necessary to support growth.

The rupee, however, nosedived 105 paise to mark its biggest single-session drop in over 20 months against the U.S. dollar on concerns over surging coronavirus infections in the country.

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