Buyers will monitor the 10 AM press conference by RBI Governor Shaktikanta Das now and his announcements, if any, will likely have a main bearing on the market’s trajectory now.
In the US, Wall Street rallied overnight in spite of a file variety of new unemployment filings in the United States, as traders concentrated on the unanimous passage of a $2 trillion coronavirus relief bill in the U.S. Senate. The Dow Jones and the S&P 500 surged around 6 per cent each individual and the Nasdaq Composite climbed five.6 per cent.
Asian stocks also rose on Friday. MSCI’s broadest index of Asia-Pacific shares exterior Japan rose one per cent. Australian shares have been up 2 per cent, although Japan’s Nikkei inventory index rose three.sixty five per cent.
In commodities, oil fell as fears of plunging demand outweighed expectations of aid from the US stimulus. Brent fell 2.26 per cent to $26.seventy seven a barrel.
(with inputs from Reuters)