Regrow Investment Research Advisor Morning Update : Sensex, Nifty Rise Higher Amid Mixed Global Cues

Equity benchmarks have given up morning gains and trading flat. The Nifty is around 10,750.

The Sensex is up 8.54 points or 0.02% at 35750.61, and the Nifty down 7.70 points or 0.07% at 10746.30. The market breadth was narrow as 594 shares advanced, against a decline of 534 shares, while 53 shares were unchanged. 


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Asia Stocks Hesitant As Investors Rush To Bonds

                                         

Asian share markets played second string to bonds on Wednesday as a spectacular fall in the price of oil spurred speculation the U.S.Federal Reserve might be done with tightening after its policy meeting later in the session. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.4 percent, while Shanghai blue chips were flat. Japan’s Nikkei steadied after an early dip and E-Mini futures for the S&P 500 added 0.4 percent. Oil had stolen the show as a supply glut saw Brent shed almost 6 percent overnight. U.S. crude was last down another 13 cents at $46.11 a barrel, while Brent recouped just 4 cents to $56.30.
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