Three Reasons Why Markets Might Open Positive Today

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Three Reasons Why Markets Might Open Positive Today

By Aditya Raghunath

Investing.com -- There are a lot of mixed signs coming in, both domestically and internationally, but it looks like Nifty and the BSE Sensex will open in the green today.

  1. Maharashtra has imposed strict curbs in the state, without calling it a lockdown. Except for essential services, no other movement is permitted. More states in India have issued curfews with Rajasthan banning the movement of people between 6 pm and 6 am in an effort to get the second wave under control. All of these measures will delay economic recovery. However, the government is increasing the pace of vaccination.
  2. Global cues are mixed right now with Nikkei 225 and KOSPI trading up 0.13% and 0.33% respectively while the Shanghai Composite is down 1.01%. In the US, stock futures are up with Dow Jones 30 Futures and S&P futures up 0.16% and 0.1% respectively while Nasdaq 100 Futures are flat.
  3. Nifty Futures in Singapore are trading down 0.32% at the time of this report but they are higher than Tuesday’s close. This is a healthy indicator that the markets are going to open up today after a holiday on Wednesday on account of Ambedkar Jayanti.

Key numbers to look out for today:

  1. Wipro (NS: WIPR ) results.
  2. India WPI inflation
  3. US retail sales for March
  4. US jobless claims

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  • sumantakumar mahapatra @sumantakumar mahapatra
    market down after 9.45 am IST
    Like 1
  • Koushik Chakraborti @Koushik Chakraborti
    A OVERBOUGHT AND MANIPULATED MARKET ALWAYS OPEN POSITIVE TO DITCH RETAIL INVESTORS HARD EARNED MONEY.NOW AT 10:25 IST WHOLE WORLD'S FUTURES GOING RED EXCEPT SGX NIFTY. HOW FUNNY
    Like 4
  • Koushik Chakraborti @Koushik Chakraborti
    ACTUALLY AS AN INDIAN I AM REALLY ASHAMED HOW SEBI, NSE AND BSE CAN ALLOW SO MUCH MANIPULATION OF SHARE MARKET.ACTUALLY IT IS A SHAME FOR INDIA WHEN THERE HAS BEEN A CONTRACTION OF GDP BY MORE THAN 17% WITH RESPECT TO PRE PANDEMIC LEVEL, BUT BY SHOWING A WRONG AND AMBIGUOUS DATA OF EXPANSION OF GDP BY 20% WITH RESPECT TO PANDEMIC YEAR, THE MARKET HAS BEEN MANIPULATED BY THE AUTHORITIES GUIDANCE.ACTUALLY IT SEEMS GOVT. OF INDIA IS COLLECTING FUNDS FROM RETAILERS TO CATER PANDEMIC RELEIF FOR THE COUNTRY BY OPENLY CHEATING AND DITCHING THE INDIAN RETAILERS.
    Like 8
  • Share Care @Share Care
    lodey lag gye
    Like 3
    • Prince Chaudhary @Prince Chaudhary
      mere bhi pe liya tha
      Like 0
    • Prince Chaudhary @Prince Chaudhary
      mere bhi pe liya tha
      Like 0
    • Prince Chaudhary @Prince Chaudhary
      me to , hold pe
      Like 0
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  • TONGBRAM JEEVAN @TONGBRAM JEEVAN
    All market closed, curfew but stock market is up. Why?
    Like 6
    • Abhishek Shah @Abhishek Shah
      its bubble..be careful big drop coming soon
      Like 0
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  • Jatin Patel @Jatin Patel
    Hi
    Like 2
  • Amit Sonar @Amit Sonar
    Buy Hindustan Unilever Ltd for 1 month it should be go up by 11%
    Like 0
  • Siddharth Kumar @Siddharth Kumar
    tody gap down
    Like 3
  • Amanpreet Singh @Amanpreet Singh
    Medical industry share up today. ....
    Like 1
  • Deepak Pradhan @Deepak Pradhan
    market up today
    Like 0
  • Deepak Pradhan @Deepak Pradhan
    market up today
    Like 0
  • Nirmala Vora @Nirmala Vora
    If FII buys than market will be up and if they sell market will be down. No good news and no bad news can affect market because of them.
    Like 2
  • Nitesh jain @Nitesh jain
    Market will be good if nifty sustain early gain till europe market open.
    Like 1
  • Shashidhar Patil @Shashidhar Patil
    Market will be in red today
    Like 15
    • gs buler @gs buler
      @Shashidhar Patil why, pls share your insights.
      Like 1
    • Naveen JP @Naveen JP
      पाटील साहेब, काय कारणं आहेत आम्हाला पण कळू द्या.
      Like 0
    • Sachin Redekar @Sachin Redekar
      Barobar
      Like 1
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  • Hit Ler @Hit Ler
    Three reason anything !but one reason market comes down !!! Political game started 😘
    Like 3
  • Gnanamani Ashok @Gnanamani Ashok
    By seeing SGX Nifty trend, anyone can say your headline 😂😂😂😂
    Like 5

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