After plunging over 2 per cent each on the Reserve Bank of India's surprise move to raise key repo rates by 40 bps the previous day, the benchmark indices are eyeing a gap-up start on Thursday on strong gloval cues. US markets soared higher overnight as the US Fed also raised interest rates by 50 bps, which was largely in-line with expectations. Investor sentiment turned positive as US Fed Chair said that a 75-bps hike is currently not in the central bank's focus.
At 7:45 am, the SGX Nifty futures were quoting 16,856 levels, hinting at a gap-up open
At 7:45 am, the SGX Nifty futures were quoting 16,856 levels, hinting at a gap-up open

)