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GLOBAL MARKET UPDATES:
Meanwhile, foreign portfolio investors (FPIs) bought shares worth a net Rs 73.83 crore yesterday as per provisional data released by the stock exchanges.
Oil prices extended gains in Asia on Thursday, boosting stock markets, after OPEC members agreed to curb output in a surprise deal, though investors were wary of chasing markets higher as the US presidential election nears.
MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.8% by mid-morning, thanks to a bounce in energy shares, markets such as Hong Kong were starting to cede some of their initial gains. Japan’s Nikkei climbed 1.4%, after losing 1.3% the previous day.
Wall Street ended higher on Wednesday after an OPEC agreement to limit crude output fuelled a rally in oil and more than offset nervousness about a tight race for the US presidency.
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