(RTTNews) – Positive global indices could only see Indian stocks open higher on Thursday. PlayerUnknown’s Battlegrounds (PUBG) game application.
Meanwhile, imf-leading economist Gita Gopinath shared a chart in a tweet suggesting that India’s GDP contraction may be the highest among G20 countries, at 25.6% for the June quarter of the previous quarter.
Finance Minister Nirmala Sitharaman will hold a review meeting with the heads of banks and CFFCCs today to discuss the implementation of the review of singles debt to Covid-19’s tension in bank lending.
The Sensex and Nifty benchmarks rose about a portion on Wednesday, while the rupee set a decrease from 16 cents to 73.03 against the US dollar.
U.S. stocks posted overnight profits after Treasury Secretary Steven Mnuchin informed lawmakers that the Trump administration could be open to a stimulus package of up to $1.5 trillion.
On the economic front, ADP’s payroll processor reported an expansion of employment in the personal sector much weaker than expected in August, while the Fed’s beige e-book noted that economic gains have been modest in recent weeks.
The high-tech Nasdaq Composite rose 1% and the
European markets recovered on Wednesday when the euro withdrew from a maximum of two years in reaction to optimistic knowledge of production around the world and amid optimism about possible coronavirus vaccines.
The Stoxx six hundred pan-European won 1.7 according to the penny.Germany’s DAX rose 2.1%, France’s CAC 40 index rose 1.9% and the UK FTSE 100 was 1.4%.