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Trends on SGX Nifty indicate a positive start for the broader index in India.

April 29, 2021 / 08:45 AM IST
Source: Reuters

Source: Reuters

The Indian stock market is expected to open higher as trends on SGX Nifty indicate a positive start for the index in India.

Indian market rallied for the third consecutive day in a row on April 29 pushing benchmark indices above crucial resistance levels, now all eyes will be on April F&O expiry bets.

The S&P BSE Sensex climbed above 49,000 while the Nifty50 reclaimed 14,800 levels on a closing basis on Wednesday which is a positive sign for the bulls.

Sectorally, buying was seen in banks, finance, auto, and telecom stocks while mild profit booking was visible in realty, metals, and healthcare space.