Post Session-Sensex snaps 2-day losing streak as Fed minutes boost risk appetite
18/08/2016 16:09
NIFTY Fut : Trend : SELL ZONE
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Dalal Street traders were optimistic on Thursday as the Sensex advanced for the first time in three days after Fed minutes raised hopes that interest rates in the US may not rise soon, helping bolster the lure for risky assets.
Speculation that the name of the next RBI governor will be disclosed today also lifted sentiment as Raghuram Rajan edges closer to the end of his three-year tenure in the post.
Minutes from the US Federal Reserve’s latest meeting in July, released on Wednesday showed that policymakers from the world’s top central bank were split over the need to raise interest rates again in the near-term as they agreed to wait for some more data before deciding on such a move. Emerging markets such as India could benefit from the Fed’s move to keep interest rates lower for longer by way of robust foreign capital inflows.
Sector-wise, power and banking rallied 1.83 per cent and 1.64 per cent, respectively.
Asian markets ended mixed even as Fed officials signaled that they were not in an urgency to tighten borrowing costs further in the world’s biggest economy. China’s Shanghai Composite fell amid losses in financial and property shares. Hang Seng rose almost 1 per cent and Japan’s Nikkei 225 tumbled over 1.5 per cent as a stronger yen curbed the appeal of exporter stocks and as exports declined 14 per cent in July 2016, year-on-year, marking the biggest drop since 2009.
18/08/2016 16:09
NIFTY Fut : Trend : SELL ZONE
Click Here & Register To Get 2 days Trial Tips
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Dalal Street traders were optimistic on Thursday as the Sensex advanced for the first time in three days after Fed minutes raised hopes that interest rates in the US may not rise soon, helping bolster the lure for risky assets.
Speculation that the name of the next RBI governor will be disclosed today also lifted sentiment as Raghuram Rajan edges closer to the end of his three-year tenure in the post.
Minutes from the US Federal Reserve’s latest meeting in July, released on Wednesday showed that policymakers from the world’s top central bank were split over the need to raise interest rates again in the near-term as they agreed to wait for some more data before deciding on such a move. Emerging markets such as India could benefit from the Fed’s move to keep interest rates lower for longer by way of robust foreign capital inflows.
Sector-wise, power and banking rallied 1.83 per cent and 1.64 per cent, respectively.
Asian markets ended mixed even as Fed officials signaled that they were not in an urgency to tighten borrowing costs further in the world’s biggest economy. China’s Shanghai Composite fell amid losses in financial and property shares. Hang Seng rose almost 1 per cent and Japan’s Nikkei 225 tumbled over 1.5 per cent as a stronger yen curbed the appeal of exporter stocks and as exports declined 14 per cent in July 2016, year-on-year, marking the biggest drop since 2009.
