Markets were trading firm tracking global cues. Asian stocks advanced on Tuesday after US senators struck a deal to end a three-day government shutdown, sending Wall Street’s main indexes to record highs and keeping the dollar well supported.
US lawmakers passed a short-term measure on Monday to fund the federal government through February 8. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.2% to a fresh record peak. At 7am Indian time, the SGX Nifty was trading at 11,002 levels, up 0.3% over its previous close.
In other news, the International Monetary Fund (IMF) and the World Bank have pegged India’s growth in FY18 to be around 6.7%, which is a tad higher than the 6.5% projected earlier. (With wire inputs)business-standard