{"id":14815,"date":"2021-10-08T03:00:54","date_gmt":"2021-10-08T03:00:54","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/10\/08\/sensex-nifty-seen-up-on-global-cues-rbi-policy-eyed\/"},"modified":"2021-10-08T03:00:54","modified_gmt":"2021-10-08T03:00:54","slug":"sensex-nifty-seen-up-on-global-cues-rbi-policy-eyed","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/10\/08\/sensex-nifty-seen-up-on-global-cues-rbi-policy-eyed\/","title":{"rendered":"Sensex, Nifty Seen Up On Global Cues; RBI Policy Eyed"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares look set to open higher on Friday, mirroring positive global cues and amid expectations that the Reserve Bank of India (RBI) will keep a status quo on key policy interest rates and accommodative stance at the end of the three-day bi-monthly review meeting later today. <\/p>\n<p>Tata Consultancy Services, India&#8217;s largest software services exporter, is slated to declare its quarterly earnings results later in the day and most brokerages are expecting the company to post double-digit growth in net profit and revenue.<\/p>\n<p>Meanwhile, Fitch Ratings slashed India&#8217;s GDP growth forecast to 8.7 percent for the current fiscal but raised GDP growth projection for FY23 to 10 percent,  saying the second Covid-19 wave would &#8216;delay rather than derail&#8217; the economic recovery. <\/p>\n<p>Benchmark indexes Sensex and the Nifty jumped around 0.8 percent each on Thursday while the rupee recovered by 19 paise to end at 74.79 against the greenback.<\/p>\n<p>Asian <span class=\"landLinks\">markets<\/span> traded up this morning after a survey showed activity in China&#8217;s services sector returned to growth in September.<\/p>\n<p>The U.S. dollar hovered below a one-year high to major peers while Treasury yields rose as investors await key U.S. jobs data for any fresh insight into the timing of Federal Reserve tapering. <\/p>\n<p>Oil headed for a seventh weekly gain, the longest run since December, after the U.S. Energy Department said that it had no plans &#8220;at this time&#8221; to tap the nation&#8217;s oil reserves.<\/p>\n<p>U.S. stocks rose overnight as data showed a bigger-than-expected drop in new jobless claims last week and lawmakers reached an agreement to temporarily extend the debt limit through early December, avoiding a potential default.<\/p>\n<p>The Dow rallied 1 percent, the tech-heavy Nasdaq Composite climbed 1.1 percent and the S&amp;P 500 added 0.8 percent. <\/p>\n<p>European stocks rallied on Thursday as bond yields retreated and concerns about a full-blown energy crisis eased.<\/p>\n<p>The pan European Stoxx 600 jumped 1.6 percent. The German DAX surged 1.9 percent, France&#8217;s CAC 40 index gained 1.7 percent and the U.K.&#8217;s FTSE 100 advanced 1.2 percent. <\/p>\n<\/p>\n<p>Market Analysis<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Sensex, Nifty Seen Up On Global Cues; RBI Policy Eyed<\/a><br \/>\n<br \/>2021-10-08 03:00:54<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares look set to open higher on Friday, mirroring positive global cues and amid expectations that the Reserve Bank of India (RBI) will keep a status quo on key&#8230;<\/p>\n","protected":false},"author":2,"featured_media":14816,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":{"0":"post-14815","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-asian-markets"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/14815","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=14815"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/14815\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/14816"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=14815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=14815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=14815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}