On optimism over Covid 19 vaccine and US stimulus, after US indices closed at a record high, Indian indices are set to hit new highs. Broader markets outperform in the pre-opening.
Nifty at 9:17 am traded higher by 77 points at 13469 while Sensex gained 0.6% to 45890.
PSB Banks will remain in focus after an outperformance in the previous day’s trade with Nifty PSU Bank rallying over 7 percent. Also, banks and financials will be in focus as the SC would continue with its hearing.
Shares of ICICI Bank traded after the Bank will offload some stake in ICICI Securities via the OFS route.
Meanwhile, Asian markets buoyed by positive global cues rose 1% on the Japanese Nikkei.
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