Nifty, Sensex to Open Higher Today on Strong Global Cues; RIL in Focus

By Aditya Raghunath — Indian markets are set to open higher today after strong global cues from markets around the world. in Singapore are trading up 0.48% as of this report which indicates a positive opening for the and .

FIIs (foreign institutional investors), in a reversal from June 1 where they had net sold Rs 450 crore worth of Indian equities, bought Rs 921.1 crore on June 2. It was a rare day when both FIIs and DIIs (domestic institutional investors) both were net buyers of shares. DIIs bought Rs 241.76 crore of equities.

Mukesh Ambani, Chairman and Managing Director of Reliance Industries Ltd (NS:), said that the company has a strong balance sheet to support growth. “We now have a strong balance sheet with high liquidity that will support growth plans for our three hyper-growth engines — Jio, Retail and O2C,” he said.

Asian markets are trading up in early trade. , and the are all trading up 0.35%, 0.74% and 0.18% respectively. Asian markets are off their three-month highs as inflation concerns weigh on them.

US stocks ended up yesterday, ahead of a key jobs report that is due on Friday, as investors had to contend with ‘meme’ stocks in yesterday’s trade. and are trading flat while are up 0.1% as of this report.

prices are close to $70 now as hopes of an economic recovery go up.

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