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MARKET LIVE: Sensex surges 600 points in pre-open, Nifty tops 14,800
LIVE market updates: On the economic front, Markit Manufacturing PMI data is scheduled to be out today, while the auto sales figures would start trickling in from today as well
Topics
MARKET LIVE | Markets | Sensex
SI Reporter |
Last Updated at March 1, 2021 09:10 IST
EVENT HIGHLIGHTS
LIVE market updates: Tracking the upbeat global mood, the Nifty futures on SGX were trading 197 points higher at 14,722, indicating a gap-up start for benchmark indices back home.
When the markets would open today, first and foremost, they are likely to react to the Q3 GDP print that came out post-market hours on Friday. While India managed to swing back in the green with a 0.4 per cent rise in the GDP after two consecutive quarters of decline, a downward revision of FY21 GDP in the second advance estimates to -8 per cent could disappoint Street.
When the markets would open today, first and foremost, they are likely to react to the Q3 GDP print that came out post-market hours on Friday. While India managed to swing back in the green with a 0.4 per cent rise in the GDP after two consecutive quarters of decline, a downward revision of FY21 GDP in the second advance estimates to -8 per cent could disappoint Street.
On the economic front, Markit Manufacturing PMI data is scheduled to be out today, while the auto sales figures would start trickling in from today as well.
Global cues
Asian shares firmed on Monday as some semblance of calm returned to bond markets after last week’s wild ride, while progress in the huge US stimulus package underpinned optimism about the global economy. Also helping sentiment was news deliveries of the newly approved JMSCI should start on Tuesday.
MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.1 per cent. Japan’s Nikkei rallied 2 per cent, while NASDAQ futures bounced 0.8 per cent and S&P 500 futures 0.7 per cent.
(with inputs from Reuters)
(with inputs from Reuters)
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