Sensex, Nifty Likely To Open Higher On Strong Global Cues

Started by sushmi, Feb 08, 2021, 03:58 PM

previous topic - next topic
Go Down

sushmi

Sensex, Nifty Likely To Open Higher On Strong Global Cues

The domestic stock markets are likely to open in the green, extending the gains witnessed in the Budget week, on the back of positive global cues. Trends on SGX Nifty indicate a positive opening for the index in India. At 7:30 am, the SGX Nifty futures were trading at 15,034, higher by 92 points or 0.87 per cent, on the Singapore Stock Exchange.



Asian shares hovered near record highs on Monday while oil edged closer to $60 a barrel on hopes a $1.9 trillion COVID-19 aid package will be passed by U.S. lawmakers as soon as this month just as coronavirus vaccines are being rolled out globally.

MSCI's broadest index of Asia-Pacific shares outside Japan was last up 0.2 per cent at 717.2, not far from last week's record high of 730.6. Japan's Nikkei climbed 0.3 per cent, while Australian shares advanced 0.5 per cent led by technology and mining shares.

US stocks extended their recent rally on Friday and the S&P 500 and Nasdaq indexes scored their biggest weekly percentage gains since the US elections in early November, boosted by optimism over earnings, stimulus talks and progress on vaccine rollouts.

The Dow Jones Industrial Average rose 92.38 points, or 0.3 per cent, to 31,148.24, the S&P 500 gained 15.09 points, or 0.39 per cent at 3,886.83 and the Nasdaq Composite added 78.55 points, or 0.57 per cent, at 13,856.30.

On Friday, the BSE Sensex gained 117.34 points to end at record closing high of 50,731.63 and NSE Nifty crossed 15,000 mark for the first time, rising 28.60 points to see record closing high of 14,924.30.


SOURCE -  https://www.ndtv.com/business/stock-market-updates-sensex-nifty-likely-to-open-higher-on-monday-i-e-february-8-2020-2365412

Go Up
 

Quick Reply

With Quick-Reply you can write a post when viewing a topic without loading a new page. You can still use bulletin board code and smileys as you would in a normal post.

Warning: this topic has not been posted in for at least 120 days.
Unless you're sure you want to reply, please consider starting a new topic.

Note: this post will not display until it's been approved by a moderator.
Name:
Email:
Verification:
Please leave this box empty:

Type the letters shown in the picture
Listen to the letters / Request another image

Type the letters shown in the picture:

shortcuts: alt+s submit/post or alt+p preview
IT Acumens Web Designing Chennai | GinGly :: Build your Personal Website | CineBuzz :: Cinema News | My Kids Diary :: Gift your Kids Memories :: Book Website @ 349 Rs monthly
Copyright 2005 - 2021 :: IT Acumens :: All Rights Reserved. :: XML Sitemap
ITAcumens Discussion Forum with 2 lakhs post running for 15 years - Powered by IT Acumens Pro Dedicated Server

My Kids Diary