Nifty Seen Opening Above 14,900; Bajaj Auto, Hindustan Unilever In Focus

The Nifty futures on Singapore Exchange also known as SGX Nifty rose 120 points or 0.8 per cent to 14,965.

The Indian equity benchmarks are set to stage a gap up opening wherein the Nifty is seen opening above its important psychological level of 14,900. The Nifty futures on Singapore Exchange also known as SGX Nifty rose 120 points or 0.8 per cent to 14,965. Meanwhile, Asian shares rose in early trade on Thursday after the U.S. Federal Reserve said it was too early to consider rolling back emergency support for the economy, and as U.S. President Joe Biden unveiled plans for a $1.8 trillion stimulus package. Fed Chair Jerome Powell said on Wednesday that "it is not time yet" to begin discussing any change in policy after the U.S. central bank left interest rates and its bond-buying programme unchanged, despite taking a more optimistic view of the country's economic recovery. Early in the Asian trading day, MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1 per cent. Australia's S&P/ASX 200 edged up 0.31 per cent, as strong oil prices lifted energy stocks.