The market may open higher on firm Asian stocks. Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could gain 39.50 points at the opening bell. Asian stocks rose on Wednesday as the threat of war in Ukraine receded.
Asian stocks rose on Wednesday. Key benchmark indices in Indonesia, Singapore, Japan, Hong Kong, Taiwan and South Korea were up 0.08% to 1.5%. China's Shanghai Composite fell 0.56%. Chinese equities retreated as the country kept its growth target unchanged.
The CNX Nifty was up 22.85 points or 0.36% to 6,320.80. The index hit a high of 6,333.90 in intraday trade. The index hit a low of 6,316.15 in intraday trade.
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