Investors are for easing of geopolitical tensions

Mumbai, Apr 24: Overnight surge in US markets and subsequent gains in Asian equities are pointing towards a firm opening for Sensex. A fall in global crude oil prices towards $83 a barrel raises hopes of easing tensions in the Middle East.

“Investors are also hoping for easing of geopolitical tensions, and are also expecting for the continuation of the current regime in the general elections, which has helped markets reverse the falling trend over the past few sessions,” says Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd

This is despite FII selling and also uninspiring Q4 results from Reliance and frontline technology companies.