MARKET LIVE: Positive open likely for Sensex, Nifty; Asian stocks advance


At 7:30 am, the SGX Nifty futures were 50-odd points higher at 18,860 levels.

In Asia this morning, the Hang Seng index rose 3 per cent to lead gains after virus testing rules were eased in some Chinese cities. Shanghai Composite was up 1 per cent, Nikkei 0.14 per cent and Strait times 0.4 per cent.

Back home, the Street will track services PMI data for India as well as the US today. 

Besides, the OPEC+ on Sunday decided to stick to its existing policy of reducing oil production by 2 million barrels per day from November until 2023-end.

Among individual stocks, tyre companies such as MRF, CEAT, Apollo Tyres will be in focus as the has set aside a Rs 1,788 cr CCI penalty these firms for indulging in cartelisation, asking that the penalty be reviewed.


Source link

Comments are closed.