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Market may see flat opening

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Market could see a flat opening after reporting gains in the past four trading sessions. Trading of 50 index futures on the stock exchange indicates that the could rise 1 point at the opening bell.

Overseas, most Asian shares rose as investors sentiment improved after China's helped ease fears over a US-trade row.

China's factory inflation slowed for a fifth month while the consumer price index retreated from a four-year high. The price index rose 3.1% in March from a year earlier, compared with 3.7% in February. The consumer price index climbed 2.1%, the statistics bureau said Wednesday, versus 2.9% in February.

US stocks surged on Tuesday, 10 April 2018, thanks to a less-aggressive stance on trade taken by Chinese Xi's conciliatory comments on tariffs sent prices of risky assets such as global equities and commodities higher.

Chinese Xi said that plans to give foreign companies greater access to financial and He also talked about a cut in tariffs on and an improvement in protection of intellectual property, among other measures.

Closer home, foreign portfolio investors (FPIs) sold shares worth a net Rs 684.99 crore yesterday, 10 April 2018, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 653.65 crore yesterday, 10 April 2018, as per provisional data.

Among corporate news, will be watched. announced a strategic multi-year partnership with Infosys, that will accelerate provider (CSP) adoption of AXOS, its Software Defined Access (SDA) Platform. and will jointly invest to co-create new services and value-added offerings on the award winning AXOS platform. By reducing time-to-market for new AXOS capabilities and greatly broadening AXOS offerings, the partnership will enable service providers to accelerate deployments of next generation that will dramatically reduce their operating cost and enable them to deploy new services at a rapid pace. The announcement was made after market hours yesterday, 10 April 2018.

Key benchmark indices logged modest gains on Tuesday, 10 April 2018, on firm global cues. The barometer index, the BSE Sensex, rose 91.71 points or 0.27% to settle 33,880.25. The 50 index rose 22.90 points or 0.22% to settle at 10,402.25. Shares across the globe edged higher after a speech by Chinese President calmed investor jitters over an escalating US-trade row. Domestic stocks logged gains for the fourth day in a row yesterday, 10 April 2018.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, April 11 2018. 07:53 IST
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