Indian Shares Seen Up On Firm Global Cues

(RTTNews) - Indian shares look set to open higher on Thursday amid a global rally and on hopes for improvement in economic growth and corporate earnings.

Realty stocks could be in focus after industry data showed housing sales in India's key markets bounced back in the fourth quarter of 2020 due to pent-up demand and increased sales during the festive season.

On the earnings front, Asian Paints, Bajaj Auto, Bandhan Bank, Biocon, Jindal Steel & Power, Reliance Power and South Indian Bank are among the prominent companies that will unveil their quarterly earnings today.

Benchmark indexes Sensex and the Nifty jumped around 0.8 percent on Wednesday, while the rupee settled 12 paise higher at 73.05 against the U.S. dollar, extending gains for the second day running.

Asian markets are climbing this morning and the dollar weakened on hopes that newly inaugurated U.S. President Joe Biden would act on the economy to offset damage wreaked by the Covid-19 pandemic.
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