Sensex, Nifty likely to open in green; HDFC, Apollo Hospitals, Reliance Power in focus

Indian shares are likely to open in the green on Thursday following dovish monetary policy outlook from the US Federal Reserve in line with market expectations.

The US central bank kept interest rates unchanged and signalled possible rate cuts this year. Asian shares traded marginally higher on Fed decision and hopes for positive US-China trade talks in the upcoming G20 meeting. Indian benchmark indices BSE Sensex and NSE’s Nifty 50 ended marginally higher after a volatile session on Wednesday.

At 7.02 AM, the SGX Nifty futures traded 28 points or 0.24 percent higher at 11,746.50, pointing to a positive start for the Sensex and the Nifty 50.