Nifty futures were trading over half a per cent lower at 14,450 on Singaporean Exchange, indicating a negative opening for BSE Sensex and Nifty 50 on Wednesday. S&P BSE Sensex closed at 48,253 while the Nifty 50 index just below 14,500 in the previous session. Stock markets in Japan and China were shut for a holiday. All eyes will be on RBI’s press conference today 10 am that may set the market tone.
The Department of Telecommunications (DoT) has given the go-ahead for 5G trials in the country, though with some delay. As expected, Huawei and ZTE will not be participating in the forthcoming trials since telecom operators had submitted multiple applications and the Chinese firms were not marked on the priority list.
RBI Governor Shaktikanta Das is scheduled to speak to the media today at 10 AM. Eyes will be glued on the RBI Governor and any key announcements that may dictate market movement.
Nifty futures on the Singapore Exchange hints at a flat opening for Dalal Street on Wednesday morning. Sensex and Nifty closed deep in red on Tuesday, erasing all intra-day gains.
Computer major Dell and contract manufacturers Foxconn, Wistron and Flextronics are among the 19 companies that have filed their applications under the production linked incentive (PLI) scheme for IT hardware, notified on March 3, 2021.