Markets Set To Open Higher Ahead Of Interim Union Budget

The GIFT Nifty was trading at 21,829.50 points as of 7:45 am, suggesting the NSE Nifty 50 will open above its Tuesday's close of 21,725.70.

Markets are set to open higher today, ahead of the interim Union budget leading up to national elections later this year, while global equities were subdued after the US Federal Reserve commentary added to doubts over early rate cuts.

The GIFT Nifty was trading at 21,829.50 points as of 7:45 am, suggesting the NSE Nifty 50 will open above its Tuesday's close of 21,725.70.

Prime Minister Narendra Modi is expected to avoid spending big on new welfare programmes in the budget before the general election and instead focus on infrastructure, while narrowing the budget gap.