The key benchmark indices are expected to open on a positive note today, extending the post budget market rally as investors realized long-term impacts of the Union Budget presented by the Finance Minister Arun Jaitley on Saturday.
Meanwhile, Asian markets were trading on a mixed note with Singapore’s Straits Times down by 3 points at 3,400; Taiwan Index at 9,603, down by 19 points in the early trading session. Nevertheless, China’s Shanghai Composite was trading up by 12 points at 3,322 after the People’s Bank of China cut the benchmark interest rate by 25 basis points to 5.35 per cent.
Meanwhile, Asian markets were trading on a mixed note with Singapore’s Straits Times down by 3 points at 3,400; Taiwan Index at 9,603, down by 19 points in the early trading session. Nevertheless, China’s Shanghai Composite was trading up by 12 points at 3,322 after the People’s Bank of China cut the benchmark interest rate by 25 basis points to 5.35 per cent.
