Indian stock markets are likely to remain steady in Thursday’s trading session tracking gains in global peers. Asian stocks edged higher in the early deals after rebounding crude prices and the promise of more US government aid to ease the economic pain inflicted by the covid-19 crisis helped calm global equity markets.
Better-than-expected US corporate earnings also lifted equities, analysts said, prompting investors to edge out of perceived safe-haven assets like US Treasuries on Wednesday.
On Wall Street, all 11 S&P 500 sector indices traded higher as the US Senate unanimously approved the new relief package, adding to trillions of dollars in stimulus that have helped Wall Street rebound from its March lows.