{"id":9955,"date":"2021-05-20T02:56:18","date_gmt":"2021-05-20T02:56:18","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/05\/20\/sensex-nifty-seen-opening-flat-amid-tapering-talk\/"},"modified":"2021-05-20T02:56:18","modified_gmt":"2021-05-20T02:56:18","slug":"sensex-nifty-seen-opening-flat-amid-tapering-talk","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/05\/20\/sensex-nifty-seen-opening-flat-amid-tapering-talk\/","title":{"rendered":"Sensex, Nifty Seen Opening Flat Amid Tapering Talk"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares look set to open on a flat note Thursday, tracking weak global <span class=\"landLinks\">markets<\/span> as a hint of tapering talk from the Federal Reserve sparked a sell-off in bonds and lifted the safe-haven dollar. <\/p>\n<p>Fertilizer stocks could be in focus after the government hiked fertilizer subsidy from Rs. 500 to Rs 1,200 per bag of DAP.<\/p>\n<p>Benchmark indexes Sensex and the Nifty fell about half a percent on Wednesday, while the rupee dropped by 13 paise to close at 73.18 against the U.S. dollar, snapping a three-day winning streak. <\/p>\n<p>Asian markets are trading mixed this morning while commodities extended declines amid concerns about inflation and potential curbs or monetary stimulus. <\/p>\n<p>Oil held steady after slumping to the lowest in three weeks on concerns of Iranian supply return and data showing rising U.S. stockpiles.<\/p>\n<p>U.S. stocks ended lower overnight as Treasury yields rose following the release of Fed&#8217;s April meeting minutes. Some officials said talking about tapering might be needed at an upcoming meeting if the <span class=\"landLinks\">economy<\/span> continues to show signs of recovery and inflation keeps trending higher. <\/p>\n<p>The Dow plunged more than 580 points before ending half a percent lower and the S&amp;P 500 dipped 0.3 percent, while the tech-heavy Nasdaq Composite index ended flat with a negative bias. <\/p>\n<p>European stocks ended Wednesday&#8217;s session sharply lower as investors grew wary of rising inflationary pressures and a sudden crash of cryptocurrencies including Bitcoin. <\/p>\n<p>The pan European Stoxx 600 tumbled 1.5 percent. Germany&#8217;s DAX fell 1.8 percent, France&#8217;s CAC 40 index dropped 1.4 percent and the U.K.&#8217;s FTSE 100 gave up 1.2 percent. <\/p>\n<\/p>\n<p>Market Analysis<\/p>\n<\/div><\/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 Opening Flat Amid Tapering Talk<\/a><br \/>\n<br \/>2021-05-20 02:56:18<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares look set to open on a flat note Thursday, tracking weak global markets as a hint of tapering talk from the Federal Reserve sparked a sell-off in bonds&#8230;<\/p>\n","protected":false},"author":2,"featured_media":9956,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1535139262971-c51845709a48?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=1950&q=80","fifu_image_alt":"","footnotes":""},"categories":[30],"tags":[],"class_list":["post-9955","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/9955","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=9955"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/9955\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/9956"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=9955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=9955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=9955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}