The key domestic benchmarks are likely to open higher today tracking a
firm trend in fellow Asian peers as US markets finished higher overnight amid
rebound in oil prices and better-than-expected January car sales. China’s
Shanghai Composite rebounded on hopes of fresh stimulus to revive the world’s
second biggest economy after manufacturing shrank last month, Hang Seng and
Japan’s Nikkei 225 were also trading higher as a weak yen boosted investors’
confidence. Back home, Nifty India stock futures in Singapore opened higher,
indicating a positive opening on the domestic market.
