S&P BSE Sensex, NSE Nifty 50 Likely To Open Firm Today (October 21)

INSUBCONTINENT EXCLUSIVE:
At 7:30 am, the Nifty futures were trading higher by 0.4 per cent on Singapore Stock Exchange.The domestic stock markets are likely to open
in the green, in line with the positive sentiment across the US and Asian Street, and strength in SGX Nifty in early trading
Trends on SGX Nifty indicate a positive opening for the index in India, with a 40-points gain
At 7:30 am, the Nifty futures were trading at 11,947, higher by 40 points or 0.4 per cent on the Singapore Stock Exchange.Asian stocks were
set for modest gains on Wednesday after renewed United States stimulus hopes helped Wall Street higher, although wobbles in the tech sector
could keep a lid on investor sentiment.Australian stocks opened slightly higher while MSCI's gauge of stocks across the globe was roughly
flat
The Nikkei 225 futures were up 0.25 per cent
Hong Kong's Hang Seng index futures were up 0.24 per cent.Wall Street shares closed higher Tuesday on growing optimism that United States
lawmakers are nearing a deal on a stimulus package aimed at cushioning the economic shock from the coronavirus pandemic.The Dow Jones
Industrial Average closed up 0.4 per cent, the S-P 500 ended 0.47 per cent higher and the Nasdaq Composite closed up 0.33 per
cent.Meanwhile, oil prices fell on Wednesday after a surprise climb in United States crude stockpiles added to concerns about a global
supply glut as a spike in global COVID-19 cases fuels demand fears and production returns in Libya.Brent crude futures for December delivery
were at $42.94 a barrel, down 22 cents, or 0.5 per cent, as of 0035 GMT, while December United States West Texas Intermediate (WTI) crude
futures slipped 23 cents, or 0.7 per cent, to $41.47 a barrel.On the corporate earnings front, Bajaj Finance, Bajaj Finserv, UltraTech
Cement, Chennai Petroleum Corporation, Colgate-Palmolive will announce their quarterly numbers during the day.The S-P BSE Sensex and NSE
Nifty 50 indexes gained for third session in a row on Tuesday as a slowdown in daily coronavirus cases raised hopes that the government will
further ease restrictions
The BSE Sensex had ended 113 points or 0.28 per cent higher at 40,544 and NSE Nifty had advanced 24 points or 0.2 per cent to close at
11,897.