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BSE Sensex and NSE’s Nifty 50 are set to open lower on Wednesday. Photo: Mint
- Mumbai: Benchmark indices BSE Sensex and NSE’s Nifty 50 are set to open little changed on Wednesday amid mixed corporate earnings despite positive sentiment in global markets. Asian stocks gained, thanks to a rebound on Wall Street, although investors remained cautious over concerns of the US-China trade conflict and US corporate earnings. Shares in Tokyo outperformed, while benchmarks in Australia and South Korea reversed losses and those in China and Hong Kong rose. Moreover, reports that the Reserve Bank of India’s governor Urjit Patel plans to step down made investors cautious. SGX Nifty Futures traded unchanged, indicating a flat opening for the Sensex and the Nifty 50. Here are the latest updates from the markets:
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9.04 am IST RBI chief Urjit Patel may consider resigning after rift with govt: Report
RBI governor Urjit Patel may consider stepping down from the posthttps://t.co/F33ivJNy5c
— Livemint (@livemint) October 31, 2018
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9.00 am IST Asian stocks gain; Tokyo outperformsAsian stocks gained on the last day of a bruising month after a topsy-turvy U.S. session that eventually saw equities rally. Treasury yields pushed higher and the dollar edged up. Shares in Tokyo outperformed, while benchmarks in Australia and South Korea reversed losses and those in China and Hong Kong rose. Earlier, the S&P 500 Index twice erased gains that topped 1% before finally securing a rebound in the last hour of trading. Chinese markets are in focus after calls from authorities to encourage funds to invest spurred a rally Tuesday, while the yuan held near the weakest level in a decade against the greenback.Japan’s Topix index rose 1.2% as of 10:27 a.m. in Tokyo. Hong Kong’s Hang Seng advanced 1%. Australia’s S&P/ASX 200 index added 0.2%. South Korea’s Kospi index gained 0.3%. Shanghai Composite Index rose 0.3%. S&P 500 futures gained 0.2%. The S&P 500 Index rose 1.6%. Bloomberg
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