Economy
Indian Markets Expected to Open Strong on Positive Global Cues and Lower Crude Prices

Indian Markets Expected to Open Strong on Positive Global Cues and Lower Crude Prices

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THE BRIEF
1

Indian equity benchmarks are poised for a strong opening, with GIFT Nifty trading up 355 points at around 24,305 due to declining international crude oil prices and positive global risk sentiment.

2

On Wednesday, the 30-share BSE Sensex gained 383.55 points to settle at 77,301.40, marking its highest closing level in over two months.

3

Wall Street indices also rallied sharply following a sweeping Democratic victory in the United States midterm elections and declining oil prices.