Three Reasons Why Nifty, Sensex Will Open Higher Today

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Three Reasons Why Nifty, Sensex Will Open Higher Today
Credit: © Reuters.

By Aditya Raghunath

Investing.com -- Global cues all point to a strong opening in the markets today after a 2.42% drop last week. Nifty Futures are trading higher in Singapore which is a strong sign that Indian markets will open higher. Apart from this, the other reasons why it is likely that Nifty and the BSE Sensex will open up are:

Asian markets are trading higher: Asian markets have opened higher today on the back of strong expectations of high economic growth and the fact that inflation is hammering bonds and boosting commodity prices. However, this is also causing equity valuations to appear stretched. Nikkei is trading up 0.78% while KOSPI is up 0.2% as of this report.

US markets expected to open higher: US markets are expected to open higher as investors move out of technology stocks that have rallied in the pandemic and get into cyclical stocks that will benefit from the pent-up demand as the economy recovers from the impact of the pandemic. US futures are all trading lower with Dow Jones 30 Futures down 0.16% and S&P 500 Futures and Nasdaq 100 Futures trading down 0.23% each.

Oil prices rally: After a bout of volatility last week, crude oil prices are slowly inching their way back to $60 levels. The winter storm in the US is moving east and demand for oil in the world’s largest economy is slowly coming back.

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  • vivek negi @vivek negi
    Great observation all was green today 😂😂😂before posting any article please analysis as well.. first..., 👎👎
    Like 3
    • Garvit Chopra @Garvit Chopra
      @vivek negi Ha ha....These analysts provides wrong information, Never trust them.
      Like 0
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  • vivek negi @vivek negi
    Great observation all was green today 😂😂😂before posting any article please analysis as well.. first..., 👎👎
    Like 1
  • Bharat Nahata @Bharat Nahata
    Tom green green only
    Like 0
  • Mohiti Gulati @Mohiti Gulati
    its red....
    Like 0
  • Rajan Kohli @Rajan Kohli
    You were looking at March Futures 🤣🤣🤣....we are set to open 50 points in red
    Like 1
    • Lambit Kanwar @Lambit Kanwar
      {{uid:}}true, seem want some to get trap
      Like 0
    • Lambit Kanwar @Lambit Kanwar
      average
      Like 0
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  • Stock Suneel @Stock Suneel
    good observations
    Like 0
    • vivek negi @vivek negi
      observations achhe the aaj ki kyu😂😂
      Like 0
    • vivek negi @vivek negi
      observations achhe the aaj ki kyu😂😂
      Like 0
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  • Ankur Kumar Kartik @Ankur Kumar Kartik
    Report 👌
    Like 0
  • KL Meena @KL Meena
    Still corrections of about 250-300 points is required in nifty to go higher side. That's my opinion n let's see??
    Like 0

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