Stock Trading news :- The
Indian equity market is likely to open in the green on back of positive global
cues and the market indicator SGX Nifty trading up around 23 points 7557 at
around 7.30 am. Asia markets are trading higher this morning with the Nikkei
bouncing back after the 1% cut we saw yesterday. China is set to release its
February inflation numbers, while South Korea’s central bank will announce its
monetary policy decision. The US market ended higher in low volume, led by the
direction of oil prices. Europe too ended in the green ahead of the European
Central Bank (ECB) meet. Back home, stocks closed mostly higher, as investors
eyed the fluctuation in commodity stocks, ahead of today's European Central
Bank policy meeting. A late surge helped our own market post healthy gains. The
Nifty closed well above the 7500 mark helped by banking stocks and Sensex
gained over 100 points. Today, all eyes will be on ECB as it meets later in the
day. The bank’s Chief Mario Draghi is expected to take further easing steps and
a possible further cut to the already negative deposit rate. From the
commodities space, crude prices surged 5 percent overnight with Nymex crude
hitting three-month highs after a big gasoline inventory drawdown amid
improving demand. From other asset class, the euro slipped as investors await
the outcome of the ECB meeting, which they expect will result in interest rates
falling deeper into negative territory. Also New Zealand's kiwi dollar dropped
toward its worst week in two months after the nation's central bank
unexpectedly cut interest rates to a record. Gold prices fell to USD 1250 an
ounce
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