Indian equities are remains cautious ahead of the Union Budget on 5 July to be presented by finance minister Nirmala Sitharaman. Sensex and Nifty opened with marginal gains while Sensex continues to trade above 39,900-mark. Nifty opened at 11,938.70 up 21.95 points, or 0.18%, while Sensex rose 70.77 points, or 0.18%, at 11,938.70. Globally, Asian stocks advanced on Thursday, tracking sharp gains on Wall Street as recent data from multiple sectors pointed to slowing economic growth in the United States, bolstering the prospect of rate cuts by the Federal Reserve. On Wall Street, which closed at midday Wednesday for the eve of the US Independence Day, all three major stock indexes finished at a record closing highs as expectations grew that the Fed would take a more dovish turn.

Source: Mint July 04, 2019 03:43 UTC