Indian equities on Thursday are likely to stay steady tracking global shares. SGX Nifty, which indicates the movement for Indian benchmark stocks, suggests a flat opening.
Stronger appetite for riskier assets lifted Asian equities in early deals today as government stimulus expectations supported investor confidence in an economic recovery from coronavirus.
Markets for risk assets have been on a tear, carrying major stock market indices to within sight of pre-pandemic, all-time highs.
The rise came as the Nasdaq Composite and the Dow Jones Industrial Average continued their rise from March cornonavirus-lockdown lows to come within 2%, 8% and 11%, respectively, of overtaking all-time closing highs registered in February.