Sensex Today Live Updates : Sensex, Nifty likely to have muted to positive start, tracking global peers
Read the full story here.)Sensex Today Live : Indian benchmark indices were likely to start on a muted to positive note, driven higher by expectation of a lower consumer inflation reading in the US that could firm up anticipation of an earlier interest rate cut there.The positive bias for the Indian markets was indicated in the Gift Nifty futures, which was trading at 23,034, ahead of Nifty 50's Friday close of 22,957. Not only that, markets in India, along with its Asian peers, looked on a firm footing on Monday morning.Asian shares edged higher on Monday as investors braced for a busy week of data which culminates in a key U.S.
inflation report that could set the stage for a cut in interest rates there, albeit not for a few months yet.Holidays in the United States and UK made for thin trading ahead of Friday's figures on core personal consumption expenditures (PCE), the Federal Reserve's preferred measure of inflation. Median forecasts are for a rise of 0.3% in April, keeping the annual pace at 2.8%, with risks on the downside."Consumer and producer price data suggest core PCE inflation lost further momentum in April after a strong start to the year.
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