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13-Apr-23   08:37 Hrs IST

SGX Nifty:

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 9 points at the opening bell.

According to the official data released on Wednesday, India's retail inflation or the consumer price index (CPI) for March eased to a 15-month low of 5.66% from 6.44% in February. India's factory output, based on the Index of Industrial Production (IIP), rose by 5.6% as against 5.2% in January.

Global markets:

Overseas, Asian stocks are trading mixed on Thursday after minutes from the March Federal Open Market Committee meeting showed that Fed officials see the U.S. economy entering a recession in the wake of the banking crisis.

U.S. stocks ended lower on Wednesday after minutes from the Federal Reserve's March policy meeting revealed concern among several members of the Federal Open Markets Committee (FOMC) regarding the regional bank liquidity crisis.

Comments from the Fed erased earlier gains seen on Wall Street after the release of the U.S. consumer price index report that showed inflation cooled in March. The U.S. CPI rose 0.1% for the month and 5% from a year ago while core CPI rose 5.6% on an annual basis.

Domestic markets:

Back home, the domestic equity benchmarks extended their upward trajectory for the eighth consecutive trading session on Wednesday, buoyed by positive global cues. The S&P BSE Sensex, the barometer index, rose by 235.05 points or 0.39%, closing at 60,392.77, while the Nifty 50 index added 90.10 points or 0.51%, finishing at 17,812.40.

Foreign portfolio investors (FPIs) bought shares worth Rs 1,907.95 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 225.22 crore in the Indian equity market on 12 April, provisional data showed.

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