Markets open higher in early trade
31/08/2016 09:24
NIFTY Fut TREND : BUY ZONE
BANKNIFTY Fut : BUY ZONE
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All eyes will be on the Q1 GDP data set for release today which may show that growth in the Indian economy may have slowed to 7.6 per cent in the June 2016 quarter from 7.9 per cent in Q4 FY 2015-16.
At 09:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28372.25 up by 29.24 points or by 0.1 per cent, while the NSE Nifty was at 8754.05 points, trading higher by 9.7 points or by 0.11 per cent.
On the global front, Asian stocks were trading mixed today as traders weighed speculation of a rise in US interest rates this year as robust consumer confidence data bolstered the case for monetary tightening in the world’s biggest economy. US stocks ended lower in the previous trading session amid a sell-off in Apple and amidst caution ahead of Friday’s jobs report.
31/08/2016 09:24
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 mixed cues from markets across Asia. A bearish finish at Wall Street overnight may lead markets to pare early gains as traders across the globe remained wary ahead of Friday’s US jobs data which may offer more clues over whether the US Federal Reserve raises interest rates in the near-term.All eyes will be on the Q1 GDP data set for release today which may show that growth in the Indian economy may have slowed to 7.6 per cent in the June 2016 quarter from 7.9 per cent in Q4 FY 2015-16.
At 09:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28372.25 up by 29.24 points or by 0.1 per cent, while the NSE Nifty was at 8754.05 points, trading higher by 9.7 points or by 0.11 per cent.
On the global front, Asian stocks were trading mixed today as traders weighed speculation of a rise in US interest rates this year as robust consumer confidence data bolstered the case for monetary tightening in the world’s biggest economy. US stocks ended lower in the previous trading session amid a sell-off in Apple and amidst caution ahead of Friday’s jobs report.
