By Aditya Raghunath
Investing.com — All indicators, domestic and global, point to a strong opening up for and the . are trading up 0.73% which is a very strong indicator of a positive opening for the markets. Bond markets have calmed down and that is giving markets a feeling of stability today.
India’s GDP numbers that came out late on Friday showed the economy returning to growth after contracting for two prior consecutive quarters. National Statistics Office said that GDP grew 0.4% in the October-December quarter compared to the same period in 2019.
Real estate, one of the strongest indicators for India’s economy has recovered quickly as well. The construction and financial, real estate, and professional services segments are among the top three contributors to GDP with growth figures of 6.2% and 6.6% respectively in the October-December 2020 quarter.
Asian markets have opened mixed after the turbulence on Friday. is up 2.3% while is down 2.8%. The is also up 0.77%. Markets are also buoyant after news that the Johnson & Johnson (NYSE:) vaccine will soon be rolled out.
US futures are all in the positive with , and up 0.75%, 0.88% and 1.15% respectively. prices continue to stay north of $62.
