Sensex, Nifty Set To Open Higher; GAIL India Shares In Focus Asian shares edged higher but held their recent trading range on Thursday as investors focussed on U.S. inflation data. Updated: June 10, 2021 9:15 am IST The Indian equity benchmarks are set to open higher as indicated by the Nifty futures traded on the Singapore Exchange. The Nifty futures on Singapore Exchange or SGX Nifty futures rose 22 points to 15,695. Meanwhile, analysts have warned of a volatile trading session for today ahead of weekly expiry of index futures and option contracts. Asian shares edged higher but held their recent trading range on Thursday as investors focussed on U.S. inflation data and the risk of an upside surprise that could prompt the Federal Reserve to start tapering its massive stimulus.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3 per cent to 711 points. It went as high as 712.57 on Wednesday, a level not seen since early March.
ITC will be in focus after it reported net profit of Rs 3,748 crore in the quarter ended March 2021, marking a decline of 1.3% compared to the same quarter last year.
Reliance Industries was top Nifty gainer, the stock rose as much as 6.4 per cent, its biggest single day gain in over fourteen months, to hit an intraday high of Rs 2,105.