Sensex, Nifty Likely To Have A Gap-Up Opening

Asian stocks were set to edge higher early on Thursday after big tech rallied on Wall Street and as President Joe Biden announced a multi-trillion-dollar infrastructure investment plan

The domestic stock markets are likely to open in the green, post the 1 per cent decline in the previous session, going by positive global cues. The Asian markets are poised to open firm and trends on SGX Nifty indicate a gap-up opening for the index in India, with a 114-points gain. At 7:30 am, the SGX Nifty futures were trading at 14,860, higher by 114 points or 0.95 per cent, on the Singapore Stock Exchange. Asian stocks were set to edge higher early on Thursday after big tech rallied on Wall Street and as President Joe Biden announced a multi-trillion-dollar infrastructure investment plan. Australian S&P/ASX 200 futures rose 0.28 per cent in early trading and Hong Kong's Hang Seng index futures rose 0.81 per cent. Japan's Nikkei 225 futures fell 0.10 per cent. The S&P 500 and Nasdaq rose on Wednesday, boosted by gains in technology shares, and the three major Wall Street indexes registered their fourth straight quarterly rise as investors positioned themselves for President Joe Biden's massive infrastructure plan.