By Aditya Raghunath
Investing.com -- Investors can expect Nifty and BSE Sensex to open higher as analysts across the world expect a dramatically improved 2021. It's full steam ahead for stock markets as the Dow Jones Industrial Average crossed and closed over 30,000 for the first time ever. Yesterday, Nifty and Sensex have hit their own individual record highs as well.
Investors are gung-ho on expectations of an economic upswing and recovery in 2021 as COVID-19 vaccines start getting rolled out. Formal clearance by exiting US President Donald Trump to President-elect Joe Biden has also raised hopes of stronger and stable leadership.
Dow Futures are up 0.44% trading at 30,131 while S&P 500 Futures are up 0.47% and Nasdaq Futures are up 0.7%. Crude oil prices continued its upward trend, gaining over 1.3% to trade at $45.51 and gold also made a small recovery of 0.2% to trade at 1,808.2.
European markets closed higher as well, gaining between 1.2% to 1.55%. The Nikkei 225 has gained 1.59% in early trade while it is up 0.6% at the time of this report.
In India, auto and bank stocks will be interesting indices to watch. Both sectors moved up yesterday but auto stocks might see a little sell-off as dealer demand has not kept pace with manufacturer’s sales. Nifty Futures are up 0.8% at last look.
Add Chart to Comment
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
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.