The Indian stock market is expected to open in the green tracking global markets on hopes of re-opening of the US economy and possibility of more stimulus that could fuel a recovery.
SGX NIfty is also trading in the green which points towards a positive opening in the Indian markets. It is trading higher by 54 points. The Nifty futures were trading at 9,172 on the Singaporean Exchange around 07:30 hours IST.
The S&P BSE Sensex plunged nearly 900 points to close below 32,000 while Nifty50 closed below 9,200 levels. Global markets were under pressure amid reports of the reemergence of the second wave of coronavirus. The US Fed Chair Jerome Powell’s comments that the US economy may remain under pressure for a longer time due also affected investors’ sentiments.
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