SGX Nifty in indicating a lower opening for the Indian indices.
SGX Nifty in indicating a lower opening for the Indian indices.

Trends on SGX Nifty indicate a negative opening for the index in India. The Nifty futures were trading at 15,778 on the Singaporean Exchange. Hang Seng, KOSPI, KOSDAQ, Topix, and Nikkei 225 were down with losses on Thursday morning.

At 09:02 AM, the Sensex was up 100.04 points or 0.19 percent at 53154.80. The Nifty was down 55.10 points or 0.35 percent at 15824.60.

Petrol, diesel prices hiked

Fuel prices were hiked today. In the sixth hike of this month, petrol has become dearer by 35 paise in Delhi at Rs 100.56 and diesel was up by 9 paise at Rs 89.62 per litre each. In Mumbai, petrol is being retailed at Rs 106.59 per litre, and diesel is available at Rs 97.18 per litre.

In Kolkata petrol is being sold at Rs 101.37 and diesel at Rs 94.15 per litre respectively. In Chennai, petrol is sold at Rs 101.37 per litre and diesel at Rs 94.15 per litre.

The increase is the 37th since May 4, when state-owned oil companies resumed rate revisions after an 18-day hiatus caused by assembly elections in states such as West Bengal.

India growth forecast cut

Fitch Ratings on Wednesday cut India’s growth forecast to 10 percent for the current fiscal, from 12.8 percent estimated earlier, due to slowing recovery post second wave of COVID-19, and said rapid vaccination could support a sustainable revival in business and consumer confidence.

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