Sensex, Nifty Poised For A Strong Opening

Asian markets rose as investors reacted to the release of Japan's first quarter gross domestic data; the Taiwan index surged 3.28 per cent, Nikkei jumped 2.12 per cent and Topix index advanced 1.49 per cent

The domestic stock markets are likely to open strong, continuing with the momentum witnessed in the previous session, on the back of positive Asian cues and a decline in Covid cases across the country. Trends on SGX Nifty indicate a gap-up opening for the index in India, with a 158-point gain. At 7:30 am, the Nifty futures were trading at 15,104, higher by 158 points or 1.45 per cent, on the Singapore Stock Exchange. Asian markets rose as investors reacted to the release of Japan's first quarter gross domestic data. The Taiwan index surged 3.28 per cent, Nikkei jumped 2.12 per cent and Topix index advanced 1.49 per cent. Technology stocks pulled Wall Street's main indexes lower on Monday, as signs of inflationary pressures building up in the economy kept investors worried about monetary policy tightening. The Dow Jones was dow 0.46 per cent, at 34,223.93, the S&P 500 was down 0.47 per cent and the Nasdaq Composite was down 0.69 per cent.