The key domestic benchmarks are set to open higher on Thursday,
tracking firm cues from Asian peers. However, the upside trend may be capped as
investors may look ahead to policy reforms ahead of the Union Budget. On the
global front, US stocks ended lower in overnight trade as investors paused rally
ahead to comments from the Federal Reserve. Back home, shares of defence stocks
will in focus after Prime Minister called for increasing majority foreign
ownership in defence companies, just months after India raised the FDI limit in
the sector to 49 per cent, Economic Times reported.
