At 7:30 am, the Nifty futures were trading higher by 28 points on the Singapore Stock Exchange.The stock exchange are most likely to begin the week with modest gains, passing early indications from SGX Nifty futures trading.
Trends on SGX Nifty indicate a favorable opening for the index in India, with a 28-point gain.
At 7:30 am, the Nifty futures were trading at 14,372, greater by 28 points, on the Singapore Stock Exchange.Asian stocks rose for a 3rd straight session on Monday as threat hunger was aided by current data revealing the world economic recovery from the coronavirus pandemic was well on track while the United States dollar loitered near two-month lows.US stocks rallied on Friday, driving the S-P 500 to a near-record closing high, after factory data and brand-new house sales highlighted a booming economy while megacap stocks increased in anticipation of strong incomes reports next week.The Dow Jones Industrial Average increased 0.67 percent to 34,043.49 and S-P 500 gained 1.09 per cent at 4,180.17, just below its previous closing high of 4,185.47 on April 16.
The Nasdaq Composite included 1.44 percent at 14,016.81.
On the stock-specific front, ICICI Bank is most likely to be in the news after the bank clocked a 260.5 percent year-on-year (YoY) development in standalone profit at Rs 4,402.61 crore for quarter ended March 2021.
The revenue in the matching duration last year stood at Rs 1,221.4 crore.Tech Mahindra, HDFC Life Insurance Business and SBI Cards and Payment Providers will declare their March quarter revenues throughout the day.On Friday, the BSE Sensex fell 202.22 points to 47,878.45 and the Nifty decreased 64.80 indicate 14,341.40.