Nifty, Sensex Likely to Open Flat to Higher

Sensex — Today, the Nifty Sensex will not take cues from any global occurrence unless there is a major announcement coming through from outside India. All eyes are going to be on the Union Budget.

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It is very likely that the markets will open flat to higher as there are expectations that the government will spend a lot and put in measures to stimulate an economic recovery. Nifty 50 Futures in Singapore are trading up 0.48% which indicates a positive opening for the markets.

Markets have been recovering well, and barring last week, have been in a bullish phase. It is expected that the government will continue to spend aggressively to ensure that momentum in the industry and the broader economy is not lost.

Sectors that will keenly look at the budget will be real estate, infrastructure, auto, FMCG and agriculture.

Other Asian markets have opened higher. Nikkei 225 is up 0.87% while KOSPI is up 1.6%. US markets are expected to continue to be volatile with the GameStop (NYSE:GME) saga continuing this week as well. Dow Futures are trading flat as are S&P 500 Futures. Nasdaq 100 Futures are down 0.21%. Crude oil is also flat at $52.23.

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