Besides expecting another round of positive US activity data, today’s FX focus will be on the Senate confirmation hearing of.
Even if the market is becoming more sceptical of U.S. government debt, an unbridled selloff of Treasurys is unlikely, DZ Bank Research said.
IST, the barometer index, the S&P BSE Sensex, rose 336.78 points or 0.44% to 77,060.86. The Nifty 50 index added 108.90 points or 0.47% to 23,322.10.
Vinay Rajani of HDFC Securities recommends these two stocks in the near term - GE Shipping and Equitas Small Finance Bank.