Market participants could thus stick to stock-specific developments, while also tracking the oil price movement and foreign fund flow.
Wall Street’s main indexes closed at record highs overnight on gains in travel stocks as mass vaccinations in the United States and congressional approval of a $1.9 trillion aid bill fueled investor optimism. Overall, the Dow rose 0.53 per cent, the S&P 500 gained 0.65 per cent, and the Nasdaq added 1 per cent.
Following Wall Street’s lead, Asian stocks also opened higher on Tuesday. Japan’s Nikkei added 0.6 per cent. Hong Kong’s Hang Seng index rose 0.5 per cent. Australia’s ASX 200 index was up 1 per cent in early trading.
(with inputs from Reuters)