{"id":12804,"date":"2021-08-11T02:52:32","date_gmt":"2021-08-11T02:52:32","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/08\/11\/sensex-nifty-set-for-firmer-start\/"},"modified":"2021-08-11T02:52:32","modified_gmt":"2021-08-11T02:52:32","slug":"sensex-nifty-set-for-firmer-start","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/08\/11\/sensex-nifty-set-for-firmer-start\/","title":{"rendered":"Sensex, Nifty Set For Firmer Start"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares look set to open higher on Wednesday as investors clung to hopes for faster pace of economic recovery. <\/p>\n<p>The finance ministry said in its monthly economic review that the movement of high-frequency indicators in July clearly points towards a broad-based economic revival.<\/p>\n<p>Inflationary pressures are likely to smoothen out over the coming months with the easing of restrictions, progress of South-West monsoon, and recent supply-side policy interventions in pulses and oilseeds market, the report said. <\/p>\n<p>Benchmark indexes Sensex and the Nifty scaled fresh record highs on Tuesday before ending off their day&#8217;s highs. The rupee slipped by 16 paise to close at 74.42 against the dollar. <\/p>\n<p>Asian <span class=\"landLinks\">markets<\/span> were fluctuating this morning as investors awaited a key report on U.S. inflation later in the day for clues on the outlook for Federal Reserve policy. <\/p>\n<p>Gold edged lower, pressured by a stronger dollar and a rise in bond yields, while oil consolidated strong overnight gains. <\/p>\n<p>U.S. stocks ended mixed overnight as President Joe Biden&#8217;s $1 trillion infrastructure bill secured a majority vote in the Senate. The package now heads to the House, where it faces an uncertain future.<\/p>\n<p>The Dow rose half a percent and the S&amp;P 500 inched up marginally to reach new record highs, while the tech-heavy Nasdaq Composite index dropped half a percent.<\/p>\n<p>European stocks hit record highs on Tuesday, extending gains for a seventh straight day as strong earnings and hopes for economic recovery offset investor concerns about a surge in the delta variant of the <span class=\"landLinks\">coronavirus<\/span>.<\/p>\n<p>The Pan European Stoxx 600 gained 0.4 percent. The German DAX edged up 0.2 percent, France&#8217;s CAC 40 index inched up 0.1 percent and the U.K.&#8217;s FTSE 100 rose 0.4 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 For Firmer Start<\/a><br \/>\n<br \/>2021-08-11 02:52:32<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares look set to open higher on Wednesday as investors clung to hopes for faster pace of economic recovery. The finance ministry said in its monthly economic review that&#8230;<\/p>\n","protected":false},"author":2,"featured_media":12805,"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-12804","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/12804","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=12804"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/12804\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/12805"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=12804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=12804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=12804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}