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    India 2021-03-15 04:22:43
    Market analysis Nifty, BSE Sensex Likely to Open Higher on Global Cues

    Related product:Forex
    Market analysis:Indian markets are primed for a strong opening on the back of strong global cues. Nifty Futures are trading up 0.38% and that is usually a strong indicator of a green opening for Nifty and the BSE Sensex.

    This week will see five IPOs launch, apart from the Anupam Rasayan India Ltd (BO:ANUY) IPO that is already underway. The five IPOs are gaming platform Nazara Technologies, speciality chemicals manufacturer Laxmi Organic, auto component manufacturer Craftsman Automation, jewellery brand Kalyan Jewellers, and small finance bank Suryoday. These IPOs are a strong indication of the level of optimism in the market.

    This week could also see 85% of households in the US get the stimulus. All eyes in the US will be at the Fed meeting on Wednesday. Market experts say not to expect equilibrium in the market until there is clarity on Treasury Yields.

    Asian markets have opened mixed as market players look to the stimulus package giving a boost to sentiment and spending. Nikkei 225is up 0.35%, Kospi is trading flat while the Shanghai Composite is down 0.41%.

    Crude oil prices are trading at $66.21 while Bitcoin crossed the $61,000 mark on the weekend to hit a record high.

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