Home Stock exchange Sensex, Nifty is likely to have a muted opening

Sensex, Nifty is likely to have a muted opening

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At 7:30 am, Nifty futures were trading up 10 points on the Singapore Stock Exchange

Domestic stock markets are expected to start the last trading day of the week on a moderate note, following the rally seen in the previous session. The trends on SGX Nifty indicate a flat opening for the index in India, with a gain of 10 points. At 7:30 am, Nifty futures were trading around 15,847, up 10 points, on the Singapore Stock Exchange.

Asian markets were mostly higher, following US markets overnight. Nikkei and Hang Seng rose 0.5% each, while the Kospi and Taiwan indices gained 0.7% each.

The Nasdaq and S&P 500 indexes hit all-time highs Thursday as US President Joe Biden passed a bipartisan Senate infrastructure deal.

The Dow Jones rose 1.04%, while the S&P 500 gained 0.66% and the Nasdaq Composite added 0.72%.

Meanwhile, at the 44th Annual General Meeting of Reliance Industries held on Thursday, Reliance Industries announced the induction of Yasir Al Rumayyan to the Board of Reliance Industries as an independent director and stated that ‘it would close the $ 15 billion oil deal with Aramco this year.

On Thursday, the Sensex closed 392 points higher at 52,699 and Nifty gained 103 points to finish at 15,790.

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