Why Nifty, BSE Sensex Might Open Higher Today?

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Why Nifty, BSE Sensex Might Open Higher Today?
Credit: © Reuters.

By Aditya Raghunath

Investing.com -- Global and domestic cues indicate that Indian markets are set to open higher in early trade today. Nifty and BSE Sensex gave up their intra-day gains yesterday as profit booking in the last 1.5 hours of trading caused the markets to end just below the green line. From the look of it, stock markets will probably open in the green today. Nifty Futures are trading up by 0.13% and that generally indicates a positive opening for Nifty and Sensex.

US futures are trading up as of this report thanks to strong support from oil prices. Dow Jones 30 Futures are trading up 0.3% while S&P 500 Futures and Nasdaq 100 Futures are up 0.35% and 0.33% respectively. Crude oil is trading at $58.29. This is the seventh consecutive day of the oil rally, and if the price holds firm over $58, there could be more upside in this commodity.

The International Energy Agency said yesterday that India's energy demand will increase more than that of any other country over the next two decades. India will overtake the EU as the world’s third-largest consumer of energy by 2030. India is already the world’s third-largest oil importer.

Asian markets are trading flat with Nikkei 225 and KOSPI both flirting with yesterday’s closing mark.

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100
  • Gouse Mohammed @Gouse Mohammed
    tomorrow market movement
    Like 0
  • Gouse Mohammed @Gouse Mohammed
    tomorrow market movement
    Like 0
  • Gouse Mohammed @Gouse Mohammed
    hi
    Like 0
  • Gouse Mohammed @Gouse Mohammed
    hi
    Like 0
  • Abhishek Lakra @Abhishek Lakra
    Hi
    Like 0
  • Vikas Handa @Vikas Handa
    When Asian markets are flat then what news flow make Indian Market open Higher ? Does China Threat of war impact Indian Market in coming days ?
    Like 2

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