Indian benchmark indices BSE Sensex and NSE’s Nifty50 are likely to stay volatile on Friday as finance minister Nirmala Sitharaman will present the Union Budget for the fiscal year 2018-19.
Investors await the government’s proposals to revive India’s economic growth. The Economic Survey projected GDP growth rebounding from a five-year low to 7 percent in the FY20.
Asian markets traded at two-year highs, while US markets were closed on account of the Independence Day.
Indian shares settled with gains in the previous session, rising for the fourth straight day. The 30-share BSE Sensex settled 68.81 points, or 0.17 per cent, higher at 39,908.06. Similarly, the broader NSE Nifty gained 30 points, or 0.25 per cent, to finish at 11,946.75.
At 7.00 AM, the SGX Nifty futures traded unchanged at 11,980, indicating a muted start for the Sensex and the Nifty 50.
Stocks to watch: Adani Power, Maruti Suzuki, SpiceJet, L&T Finance in focus.
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