Indices Open Higher On Vaccine Optimism Defying Fresh Lockdown Globally

On gains of over 1% on SGX Nifty, Indian Nifty is set to make another record high. And there is anticipated short term upside for the markets before they consolidate. On the Nifty and Sensex, in the pre-opening the levels of over 48000 and 14000 have been hit and at the open 0.5% gains have been seen. Nifty hit levels of 14107 and Sensex scaled to 48168 levels.

Indices Open Higher On Vaccine Optimism Defying Fresh Lockdown Globally

Among early gainers in today's session have been Tata Motors, Eicher Motors, GAIL, ONGC and BPCL. And loser in trade have been heavyweight RIL.

Meanwhile, Asian markets which resumed their trading in 2021 are seeing mixed trade as Tokyo is considering fresh lockdown and Japanese Nikkei retreated from 30-year high and was last trading weak by 0.36%.

Also the markets direction shall be guided this week by the US Fed's minutes due on buying which will highlight on buying more assets going in this year.

And as dollar again retreated close to its 2.5 year low, there is a seen support for gold which surged to $1910 per ounce levels.

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