Nifty Seen Opening Near 17,400; Reliance Industries In Focus

Nifty futures on Singapore Exchange also known as SGX Nifty futures rose 39 points to 17,397

The Indian equity benchmarks are set to open higher as indicated by the Nifty Futures traded on Singapore Exchange. Nifty futures on Singapore Exchange also known as SGX Nifty futures rose 39 points to 17,397 amid positive cues from other Asian markets. Asian shares edged higher on Monday as a disappointing U.S. payrolls report promised to keep policy there super-loose for longer, but also clouded the outlook for global growth and inflation. A holiday in the United States made for thin conditions and kept MSCI's broadest index of Asia-Pacific shares outside Japan to a small gain of 0.2 per cent, though that was the highest since late July. Japan's Nikkei added 1.7 per cent, extending a rally on hopes a new prime minister there would bring added fiscal stimulus. Chinese blue chips gained 1.3 per cent amid speculation Beijing would also be adding stimulus through fiscal and monetary policy.