Indian markets are likely to open flat tracking global indices and SGX Nifty.
US stocks closed higher on Friday amid rising optimism about economic recovery
thanks to upbeat economic data and prospects of additional fiscal stimulus. The President Joe Biden on Friday unveiled a 6 trillion budget for next year thats piled
high with new safety net programs for the poor and middle class. The Dow closed
up by 0.2 percent at 34529 and Nasdaq inched up by 0.1 percent to 13749.
UK stocks edged higher in cautious trade on Friday as hopes for economic recovery
offset worries about higher inflation. The FTSE 100 was flat at 7023.
Indian stocks continued their gaining streak to end the trading on Friday with gains
over half percent as optimism of economic rebound and progress in pandemic fight
evinced buying interest across major sectors. The healthy earnings season and
expectations of further stimulus measures by the government too bolstered investor
confidence prodding th
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