Good Morning!

Indian equity markets saw healthy gains on Wednesday after three days of sideways consolidation. Both the S&P BSE Sensex and NSE Nifty 50 scaled new record highs.

The Nifty Realty Index was the top sectoral performer, with the 10-stock gauge ending at a 10-month high.

Futures, however, are indicating a tepid start to today’s trading session. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, was little changed at 13,668 as of 8:15 a.m. on Thursday.

For today’s weekly options expiry, the maximum open interest on the call side is at the 13,800 strike, while that on the put side is on the 13,000 strike. Canara Bank and Punjab National Bank are in the F&O ban for today’s session.

Globally, Asian markets have edged higher this morning on speculation that the U.S. lawmakers are edging closer to a deal over a stimulus package. Futures on the Dow Jones are trading with gains of 24 points. The index ended little changed on Wednesday.

West Texas Intermediate crude gained 0.4% to $48.03 per barrel after an unexpected decline in the U.S. crude inventories. Bitcoin crossed the $20,000-mark for the first time ever.

Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.

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