Indian markets are likely to open flat tracking global indices and SGX Nifty.
The US stocks advanced on Wednesday amid hopes that the coronavirus infection rate is now stabilizing in London. While countries such as Italy and Spain announced plans to ease tight lockdown measures the U.K. government is unlikely to relax the nationwide lockdown until end of May. The Dow moved up by 2 per cent to 23476 and the Nasdaq rose by 2.8 percent to 8945.
UK stocks advanced on Wednesday amid hopes that the coronavirus infection rate is now stabilizing in London. While countries such as Italy and Spain announced plans to ease tight lockdown measures the U.K. government is unlikely to relax the nationwide lockdown until end of May. The FTSE 100 climbed 1.5 percent to 5726.
On domestic front Indian shares rose sharply on Wednesday with heavyweight Reliance Industries leading the surge after Facebook announced a Rs 43574 crore (6.22 billion) investment in Mukesh Ambaniled Jio Platf
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