In line with gains on the SGX Nifty and firm Asian markets, Indian indices are set to open higher after two consecutive days of losses. Nifty at open was up by 90 points 14375 at while Sensex traded higher by 336 points . Bank Nifty index outperformed headline indices and there was seen firmness in the midcap and small cap index too which in the previous session lost over 2 percent.
Top gainers in early trade include stocks such as Tata Motors, ONGC, Bajaj Finance, Coal India and SBI, while losers include Tata Steel and Shree Cements.
Much of the impetus to the markets shall be provided by ICRA comments that said that there was reported a bounce back in demand for the December month in comparison to November.
Reliance Industries shall be in focus after it gained a substantial 2 percent in trade in the previous session reaching close to Rs. 2000 per share mark.
Mindtree reported a healthy 67% jump in profit on a year on year basis with a healthy deal pipeline.
Automaker Maruti shares will be in focus after the company in order to offset rising input cost increased prices by up to Rs. 34000 from January 18,2021.
Meanwhile Asian markets were trading with gains of over 2% on the Hong Kong index.