{"id":10678,"date":"2021-06-11T03:02:25","date_gmt":"2021-06-11T03:02:25","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/06\/11\/sensex-nifty-set-to-open-higher-on-firm-global-cues\/"},"modified":"2021-06-11T03:02:25","modified_gmt":"2021-06-11T03:02:25","slug":"sensex-nifty-set-to-open-higher-on-firm-global-cues","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/06\/11\/sensex-nifty-set-to-open-higher-on-firm-global-cues\/","title":{"rendered":"Sensex, Nifty Set To Open Higher On Firm Global Cues"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares are likely to open a tad higher on Friday amid optimism that consumer and <span class=\"landLinks\">business<\/span> confidence will get a boost, reflecting a phased easing of the lockdowns and a faster pace of vaccinations. <\/p>\n<p>The government does not expect the economic impact of the second wave of the COVID-19 pandemic to be as severe as the first, said finance secretary TV Somanathan in an interaction with the media.<\/p>\n<p>Banks could be in focus after the Reserve Bank of India (RBI) said it would conduct third tranche of open market purchase of Rs 40,000 crore under G-sec acquisition program on June 17.<\/p>\n<p>In another development, media reports suggest that State Bank of India plans to transfer bad loans worth Rs 20,000 crore to the National Asset Reconstruction Company. <\/p>\n<p>Benchmark indexes Sensex and the Nifty climbed around 0.7 percent each on Thursday amid the weekly expiration of index futures and option contracts. <\/p>\n<p>The rupee ended down 9 paise at 73.06 against the dollar, extending losses for the third straight session. <\/p>\n<p>Asian <span class=\"landLinks\">markets<\/span> held mostly steady this morning as the G7 summit gets underway in Cornwall. A weaker dollar and U.S. bond yields helped gold hover near the key $1,900 per ounce level, while oil trimmed gains but headed for a third weekly rise. <\/p>\n<p>U.S. stocks rose overnight as investors digested separate data showing another leap in consumer prices and a fall in unemployment benefits for the sixth straight week. <\/p>\n<p>The Labor Department said its consumer price inflation rose an annual 5 percent in May, marking the highest annual inflation rate in nearly 13 years.<\/p>\n<p>The Dow inched up 0.1 percent and the tech-heavy Nasdaq Composite gained 0.8 percent while the S&amp;P 500 added half a percent to reach a new record closing high. <\/p>\n<p>European stocks ended mixed on Thursday as the European Central Bank maintained an elevated flow of stimulus, as widely expected, and raised its growth and inflation projections. <\/p>\n<p>The pan European Stoxx 600 ended flat with a positive bias. The German DAX slipped 0.1 percent and France&#8217;s CAC 40 index dipped 0.3 percent while the U.K.&#8217;s FTSE 100 inched up 0.1 percent. <\/p>\n<\/p>\n<p>Market Analysis<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Sensex, Nifty Set To Open Higher On Firm Global Cues<\/a><br \/>\n<br \/>2021-06-11 03:02:25<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares are likely to open a tad higher on Friday amid optimism that consumer and business confidence will get a boost, reflecting a phased easing of the lockdowns and&#8230;<\/p>\n","protected":false},"author":2,"featured_media":10679,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1535139262971-c51845709a48?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=1950&q=80","fifu_image_alt":"","footnotes":""},"categories":[30],"tags":[],"class_list":["post-10678","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/10678","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=10678"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/10678\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/10679"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=10678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=10678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=10678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}