Markets open higher as Rajya Sabha passes GST Bill
04/08/2016 09:29
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09.29 Am - Nifty Fut : SELL Zone
The key domestic benchmark indices opened in a positive terrain in the morning trading session with investor sentiments getting a massive boost from the clearance of the long pending GST bill in the Rajya Sabha, paving the way for the country’s biggest reform since 1991. The historic bill was cleared by the upper house of Parliament on Wednesday by a 203-0 vote, with no party opposing the constitutional amendment.
Shares of Siemens and Tata Power Company will be in focus as they reveal their April-June 2016 quarter report cards. Also a pickup in India’s services activity to a three-month high in July signaled an improved outlook for Asia’s third biggest economy, bolstering investor mood.
At 09:20 AM, the Bombay Stock Exchange bellwether Sensex was at 27764.52 up by 67.01 points or by 0.24 per cent, while the NSE Nifty was at 8599.95 points, trading higher by 55.1 points or by 0.64 per cent.
On the global front, Asian stocks were trading mixed today as traders turned cautious ahead of Friday’s US jobs data which may offer some cues over the timing of the next US Fed interest rate hike. The US markets ended higher in the previous trading session as oil notched up its biggest gain in three weeks and financial stocks rose on strong corporate earnings.
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04/08/2016 09:29
Click Here & Register To Get 2 days Trial Tips
09.29 Am - Nifty Fut : SELL Zone
The key domestic benchmark indices opened in a positive terrain in the morning trading session with investor sentiments getting a massive boost from the clearance of the long pending GST bill in the Rajya Sabha, paving the way for the country’s biggest reform since 1991. The historic bill was cleared by the upper house of Parliament on Wednesday by a 203-0 vote, with no party opposing the constitutional amendment.
Shares of Siemens and Tata Power Company will be in focus as they reveal their April-June 2016 quarter report cards. Also a pickup in India’s services activity to a three-month high in July signaled an improved outlook for Asia’s third biggest economy, bolstering investor mood.
At 09:20 AM, the Bombay Stock Exchange bellwether Sensex was at 27764.52 up by 67.01 points or by 0.24 per cent, while the NSE Nifty was at 8599.95 points, trading higher by 55.1 points or by 0.64 per cent.
On the global front, Asian stocks were trading mixed today as traders turned cautious ahead of Friday’s US jobs data which may offer some cues over the timing of the next US Fed interest rate hike. The US markets ended higher in the previous trading session as oil notched up its biggest gain in three weeks and financial stocks rose on strong corporate earnings.
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