Domestic equity indices are likely to open on a cautious note on Wednesday, tracking weak Asian cues, after crude prices in the US plunged 5.5 per cent in overnight trade to settle below $30 a barrel mark. SGX Nifty futures hint at weak opening At 07:45 am, Nifty50 futures on the Singapore Stock Exchange were trading 66 points higher at 7,400.50, indicating a gap-down opening for the domestic market. The stock market had declined on Tuesday amid brisk selling in European markets and disappointment over RBI's status quo on the policy rate.
"While the RBI governor felt that it was unfair to read his statements as hawkish, it seems that RBI was not as dovish as in the previous policy statement," said Jonathan Anchen, Head of Economic Research & Consulting India, Swiss Re.
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