Sensex, Nifty Set To Open Lower; Tata Motors In Focus

The Indian equity benchmarks are set to open lower as indicates by the Nifty futures traded on the Singapore Exchange.

The Indian equity benchmarks are set to open lower as indicates by the Nifty futures traded on the Singapore Exchange. Singapore Nifty futures also known as SGX Nify fell 67 points to 14,335. Meanwhile, most of the Asian markets were trading higher with Hong Kong's Hang Seng up 0.95 per cent, South Korea's KOSPI up 0.2 per cent and Japan's Nikkei down 0.8 per cent. Global stocks ground higher while oil ebbed on Thursday as investors diverged over whether to bet on economic recovery in the United States and other developed markets or worry about a surge in COVID-19 cases in India and elsewhere. With vaccination rates rising and pandemic-weary citizens embracing more freedoms to drive growth in some major economies, MSCI's broadest global gauge of stocks was up 0.3%, trading within 1% of its all-time closing high after a recent mini sell-off. "The summer earnings season will further test the trajectory of the recovery, but until then, vaccines rollout and economic reopening will be the main triggers for a further upside leg in this bull run," Amundi Chief Investment Officer Pascal Blanque said in a note to clients.