Markets open higher in early trade
30/08/2016 09:29
NIFTY Fut TREND : BUY ZONE
BANKNIFTY Fut : BUY ZONE
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The key domestic benchmark indices opened higher in the morning trading session tracking a rally across markets in Asia and a near-record high finish at Wall Street overnight as optimism over the health of the world’s biggest economy amid robust consumer spending data bolstered risk taking appetite.
The markets may remain cautious ahead of the August PMI numbers later in the week which will offer fresh cues over the health of Asia’s third biggest economy which may curb gains at Dalal Street. India’s manufacturing PMI rose to a four-month high of 51.8 in July, with a reading above 50 signaling expansion.
At 09:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28055.78 up by 153.12 points or by 0.55 per cent, while the NSE Nifty was at 8657.55 points, trading higher by 50.40 points or by 0.59 per cent.
On the global front, Asian stocks were trading higher today as crude oil rebounded to above the USD 47 per barrel mark while traders cheered optimistic US economic data and focused on the outlook for global monetary policy. US stocks ended higher in the previous trading session as traders gave thumbs up to US consumer spending data while awaiting Friday’s jobs data which may offer more cues over the probability of tightening of US borrowing costs next month.
30/08/2016 09:29
NIFTY Fut TREND : BUY ZONE
BANKNIFTY Fut : BUY ZONE
Click Here & Register To Get 2 days Trial Tips
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The key domestic benchmark indices opened higher in the morning trading session tracking a rally across markets in Asia and a near-record high finish at Wall Street overnight as optimism over the health of the world’s biggest economy amid robust consumer spending data bolstered risk taking appetite.
The markets may remain cautious ahead of the August PMI numbers later in the week which will offer fresh cues over the health of Asia’s third biggest economy which may curb gains at Dalal Street. India’s manufacturing PMI rose to a four-month high of 51.8 in July, with a reading above 50 signaling expansion.
At 09:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28055.78 up by 153.12 points or by 0.55 per cent, while the NSE Nifty was at 8657.55 points, trading higher by 50.40 points or by 0.59 per cent.
On the global front, Asian stocks were trading higher today as crude oil rebounded to above the USD 47 per barrel mark while traders cheered optimistic US economic data and focused on the outlook for global monetary policy. US stocks ended higher in the previous trading session as traders gave thumbs up to US consumer spending data while awaiting Friday’s jobs data which may offer more cues over the probability of tightening of US borrowing costs next month.
