Here’s Why, Nifty and BSE Sensex Is Likely to Open Strongly in Green

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Here’s Why, Nifty and BSE Sensex Is Likely to Open Strongly in Green
Credit: © Reuters.

By Aditya Raghunath

Investing.com -- All indicators, domestic and global, point to a strong opening up for Nifty and the BSE Sensex . Nifty Futures are trading up 0.73% which is a very strong indicator of a positive opening for the markets. Bond markets have calmed down and that is giving markets a feeling of stability today. 

India’s GDP numbers that came out late on Friday showed the economy returning to growth after contracting for two prior consecutive quarters. National Statistics Office said that GDP grew 0.4% in the October-December quarter compared to the same period in 2019.

Real estate, one of the strongest indicators for India’s economy has recovered quickly as well. The construction and financial, real estate, and professional services segments are among the top three contributors to GDP with growth figures of 6.2% and 6.6% respectively in the October-December 2020 quarter.

Asian markets have opened mixed after the turbulence on Friday. Nikkei 225 is up 2.3% while KOSPI is down 2.8%. The Shanghai Composite is also up 0.77%. Markets are also buoyant after news that the Johnson & Johnson (NYSE: JNJ ) vaccine will soon be rolled out.

US futures are all in the positive with Dow Jones 30 Futures , S&P 500 Futures and Nasdaq 100 Futures up 0.75%, 0.88% and 1.15% respectively. Crude oil prices continue to stay north of $62.

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  • sree krishnavundavalli @sree krishnavundavalli
    Kospi is closed today.Pls correct
    Like 1
  • T Shobha Reddy @T Shobha Reddy
    Tata motors what can be done today
    Like 0
  • sadik neel @sadik neel
    Looking for pharma stocks
    Like 0
    • Raj Jain @Raj Jain
      @sadik neel  why? any particular reason?
      Like 0
    • Raj Jain @Raj Jain
      ok article
      Like 0

      • Comment Guidelines

      We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

      • Enrich the conversation
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      • Be respectful. Even negative opinions can be framed positively and diplomatically.
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  • Jigar Gandhi @Jigar Gandhi
    market is positive
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