The 50-share Nifty seen opening higher on Tuesday following positive trend seen in other Asian markets. Tracking the momentum, the index is expected to surpass its previous record high of 7880.50 hit on 18 August 2014 and touch 7900 in trade today
At 07:30 a.m., Nifty India stock futures in Singapore were trading 32 points higher at 7,904 indicating positive opening on the domestic market.
The benchmark index has closed at a life time high of 7874.25 on the first trading day of the week and the buying seen in the last three trading sessions has been on good voulumes.
Overnight, US stocks ended higher with the Nasdaq colosing at a 14-year high as increasing homebuilder confidence and hopes for receding tensions in Russia gave investors reasons to make bigger bets on the equity market.
At 07:30 a.m., Nifty India stock futures in Singapore were trading 32 points higher at 7,904 indicating positive opening on the domestic market.
The benchmark index has closed at a life time high of 7874.25 on the first trading day of the week and the buying seen in the last three trading sessions has been on good voulumes.
Overnight, US stocks ended higher with the Nasdaq colosing at a 14-year high as increasing homebuilder confidence and hopes for receding tensions in Russia gave investors reasons to make bigger bets on the equity market.
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