The key domestic benchmarks are tipped to open
higher today, setting fresh record, amid firm cues from fellow Asian peers and a
positive closing at Wall Street overnight as rebound in crude oil and strong
corporate earnings propelled Wall Street higher. Further, the investors
continued to digest Fed comment over monetary tightening amid rising risks to
the world’s biggest economy from a global slowdown.
On Thursday, the key domestic benchmarks surged to a fresh record as traders rolled over their positions on the day of the expiry of the January futures and options (F&O) contracts. Optimism over the Indian economy due to strong reforms and a rate cut; coupled with abundant global liquidity with the US Fed sticking to very low interest rates and the ECB embarking on QE has propelled Indian stocks to record highs. HDFC Bank Ltd. rose to a record after the government approved its fundraising plan.
On Thursday, the key domestic benchmarks surged to a fresh record as traders rolled over their positions on the day of the expiry of the January futures and options (F&O) contracts. Optimism over the Indian economy due to strong reforms and a rate cut; coupled with abundant global liquidity with the US Fed sticking to very low interest rates and the ECB embarking on QE has propelled Indian stocks to record highs. HDFC Bank Ltd. rose to a record after the government approved its fundraising plan.
