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Indian shares are seen opening little changed on Thursday, with high volatility expected later in the day on eve of derivative expiry. <\/p>\n
Benchmark indexes Sensex and the Nifty hit fresh record highs on Wednesday before giving up all gains to end the session on a flat note. The rupee dropped five paise to close at 74.24 against the dollar. <\/p>\n
Asian markets<\/span> were broadly lower this morning and the dollar hovered near a one-week low versus major peers as traders awaited more clues about the regulatory outlook in China as well as the Fed’s Jackson Hole meeting. <\/p>\n The South Korean won strengthened after the country’s central bank raised its base interest rate, making the nation the first major Asian economy<\/span> to start exiting record-low borrowing costs.<\/p>\n Oil prices dipped for the first time in four sessions as virus concerns returned to haunt investors. Gold fell below $1,800 while Bitcoin traded around $49,000.<\/p>\n U.S. stocks closed higher overnight amid continued optimism about growth after Dr. Anthony Fauci, top U.S. infectious disease expert, said COVID-19 could be under control by early next year.<\/p>\n Orders for long-lasting goods fell in July due to weakness in transport-related goods, but demand was strong in other parts of the economy, official data showed. <\/p>\n The S&P 500 and the tech-heavy Nasdaq Composite both edged up around 0.2 percent to reach fresh record highs while the Dow inched up 0.1 percent. <\/p>\n European stocks ended mostly higher on Wednesday as travel stocks extended gains for the fourth day running. The pan European Stoxx 600 ended flat with a positive bias.<\/p>\n The German DAX eased 0.3 percent after the release of weak business<\/span> sentiment data, while France’s CAC 40 index gained 0.2 percent and the U.K.’s FTSE 100 added 0.3 percent. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n