Moneycontrol News

The Nifty50 is expected to open flat on Thursday following a mixed trend seen in other Asian markets. The Nifty50 closed 43 points lower at 10,570 on Wednesday.

Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 12 points or 0.12 percent. Nifty futures were trading around 10,580-level on the Singaporean Exchange.

Wall Street limped into positive territory on Wednesday on optimism over a spate of upbeat earnings that was nearly offset by jitters over rising US bond yields and corporate costs, said a Reuters report.

Asian stocks edged up on Thursday as robust corporate earnings helped Wall Street quell concerns over a surge in US bond yields, while the dollar hovered near three-month highs against a basket of currencies, it said.

Oil prices rose over concerns of supply disruptions in Venezuela and the Middle East as well as by strong demand. Brent crude oil futures were at 74.44 per barrel, up 44 cents, or 0.6 percent.