India’s equity benchmark is set to open higher as indicated by Nifty Futures traded on the Singapore Exchange. Nifty Futures on the Singapore Exchange, also known as SGX Nifty Futures, rose 0.3% or 53 points to 17,561 amid mixed signals from global markets. Stock markets faltered in Asia early Wednesday as trading was supported by rising US Treasury yields as well as volatile oil prices in the face of cooling moves by the United States and other countries. is different.
MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.24%, while Japan’s benchmark Nikkei share price index fell 1.13%, as it returned from a holiday and caught up with the global drop a day earlier.
Overnight, the yield on the 10-year US Treasury note rose more than 5 basis points to a high of 1.684% while the yield on the 30-year Treasury note rose 6 basis points. Yields on two-year US Treasuries fell to their highest levels since March 2020 on Monday.
Back home, foreign institutional investors (FII) sold shares worth Rs 4,477 crore on Tuesday while domestic institutional investors bought shares worth Rs 1,412.
Bharti Airtel will be in the spotlight after the company informed exchanges that it has launched its super data center park – Nxtra in Chennai. “This is Nxtra by Airtel’s third largest data center in Chennai. The LEED-certified 38 MW facility spans over 270,000 sq.ft. The main highlight of Airtel’s new data center is that it is integrated. entirely with Airtel’s global undersea fiber network, therefore, the company said in a press release.
