Sensex is expected to reach 60,000, Nifty seen opening around 17,850

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Indian equity benchmarks are expected to set a new high in trading today, where the S&P BSE Sensex is expected to hit 60,000 for the first time and Nifty is expected to open around an all-time high of 17,850 , as indicated by the Nifty futures contracts traded on the Singapore Stock Exchange. Singapore Stock Exchange Nifty futures, also known as SGX Nifty futures, rose 20 points to 17,849 amid positive signs from other Asian markets. Hong Kong’s Hang Seng rose 0.25%, Taiwan Weighted rose 0.94% while South Korea’s KOSPI traded on a flat note.

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Overnight, global equity markets rallied on Thursday and the US dollar retreated from its one-month highs as concerns faded over the Evergrande contagion in China and investors digested Federal Reserve plans to curb US stimulus measures.

On Wall Street, the Dow Jones Industrial Average rose 506.5 points, or 1.48%, to 34,764.82, the S&P 500 gained 53.34 points, or 1.21%, to 4,448.98 and the Nasdaq Composite added 155.40 points, or 1.04%, to 15,052.24. .

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Back home, foreign institutional investors (FII) bought shares worth Rs 358 crore on Thursday, while domestic institutional investors bought shares worth Rs 1,173 crore.

Dish TV will be the center of attention after Yes Bank in a letter asking Dish TV to hold the extraordinary general meeting of shareholders to replenish the company’s board of directors.

Sansera Engineering shares will debut at 10:00 am today. The IPO was subscribed for 11.47 times.

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