Before Market Opens: Indian markets are set to open higher on Thursday following mixed trade in global peers after the US Federal Reserve kept the interest rate unchanged for the 6th straight time, as expected. Let s take a look at some key cues before the market opens today:
FIIs and mutual funds consistently increase stakes in 12 smallcap stocks for four quarters, yielding up to 203% returns. Notable stocks include Dixon Technologies, Electronics Mart India, and Welspun Corp.
Recent weeks have been dominated by news of strife and armed conflicts. This has led to jitters in foreign flows into Asian equities, impacting India as well. Approximately Rs 25,000 crore has been pulled out by foreign institutional investors from Indian equity markets in April so far.
April rollover for the Nifty Index futures were lower at 65.12%, significantly lower compared to the previous month s 69.77% and the three-month average of 71.40%, states a report by SBI Securities.