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Sensex, Nifty up; Cipla, Steel Strips Wheels In Focus

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Indian equity markets are set to open higher as indicated by Nifty futures on the Singapore Exchange. Nifty futures also known as SGX Nifty futures on the Singapore Exchange rose 29 points or 0.2 per cent to 17,559. Meanwhile, Japan’s Nikkei was trading 0.95 per cent lower, Hong Kong’s Hang Seng 1.75 per cent and Taiwan-weighted 0.6 per cent in most Asian markets.

On Friday, Wall Street shares edged higher on Friday, closing the fourth quarter in a buying mood fueled by developments in Washington on positive economic data, progress in the fight against COVID, and possible passage of the infrastructure bill .

The Dow Jones gained 1.43 per cent, the S&P 500 1.15 per cent and the Nasdaq 0.82 per cent.

Domestic institutional investors bought shares worth Rs 131 crore while domestic institutional investors sold shares worth Rs 613 crore on Friday.

Cipla shares will be in focus when the company said it has partnered with Eli Lilly to sell diabetes products in India.

The shares of Steel Strips Wheels will be on the radar of investors after its shareholders have approved the sub-division of the equity shares of the company from existing one equity share of face value of Rs 10 into two equity shares of face value of Rs 5 each.

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