Sensex, Nifty will likely have a positive opening

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As of 7:30 am, Nifty futures were trading up 0.28% on the Singapore Stock Exchange

Domestic stock markets are expected to open in the green, according to early indications from SGX Nifty futures trading. The trends on SGX Nifty indicate a positive opening of the index in India, with a gain of 37 points. As of 7:30 a.m., Nifty futures were trading at 14,782, up 37 points or 0.28 percent, on the Singapore Stock Exchange.

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Asian stocks are expected to experience a slow open on Wednesday after Wall Street retreated from record highs reached in previous sessions, as investors look to the next earnings season for more signs of recovery after a string of strong economic data in the States -United.

Japanese Nikkei 225 futures fell 0.1%, while Australian S & P / ASX 200 futures rose 0.04%.

The S&P 500 slipped Tuesday but stayed close to closing highs posted in consecutive sessions as investors weighed stronger US economic data against nervousness over upcoming quarterly earnings reports.

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The Dow Jones fell 0.29%, the S&P 500 fell 0.10% and the Nasdaq Composite fell 0.05%.

Oil prices edged up Wednesday amid prospects of stronger global economic growth with increased COVID-19 vaccinations and a report that inventories of crude in the United States, the largest consumer of fuel in the world, have fallen.

Brent futures for June rose 34 cents, or 0.5 percent, to $ 63.08 a barrel at 0123 GMT and U.S. West Texas Intermediate crude for May was up 32 cents, or 0, 5 percent, to $ 59.65.

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Meanwhile, the IMF has projected a 12.5% ​​growth rate for India in 2021. This is stronger than China, the only major economy to have recorded a positive growth rate last year for the COVID-19 pandemic.

On Tuesday, the Sensex closed with a nominal gain of 42 points and the Nifty stabilized 46 points higher.

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