Markets pare early gains; Tata Motors, Cipla shares advance
26/08/2016 10:28
NIFTY Fut TREND : SELL ZONE
BANKNIFTY Fut : SELL ZONE
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A sign of near-term US monetary tightening may result in volatility in capital flows into emerging markets including Asia’s third biggest economy.
Investors are waiting to see whether the Fed Chair will back recent comments from FOMC officials who signaled that a rate hike could come as soon as September. Bets of the Fed raising interest rates before the end of the year have risen over the past month amid signs of improvement in the US economy.
At 10:20 AM, the Bombay Stock Exchange bellwether Sensex was at 27837.41 up by 1.5 points or by 0.01 per cent, while the NSE Nifty was at 8588.9 points, trading lower by 3.3 points or by 0.04 per cent.
On the global front, Asian stocks were trading mixed today as traders remained in a wait-and-see mode ahead of Federal Reserve Chairwoman Janet Yellen's speech later today. US stocks ended lower in the previous trading session with healthcare stocks extending previous trading session's decline.
26/08/2016 10:28
NIFTY Fut TREND : SELL ZONE
BANKNIFTY Fut : SELL ZONE
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The key domestic benchmark indices were trading near the flat line in the morning trading session as traders across the globe awaited a highly anticipated speech from US Fed Chair Janet Yellen at Jackson Hole today which may offer some clues on the trajectory of interest rate hikes in the world’s biggest economy.A sign of near-term US monetary tightening may result in volatility in capital flows into emerging markets including Asia’s third biggest economy.
Investors are waiting to see whether the Fed Chair will back recent comments from FOMC officials who signaled that a rate hike could come as soon as September. Bets of the Fed raising interest rates before the end of the year have risen over the past month amid signs of improvement in the US economy.
At 10:20 AM, the Bombay Stock Exchange bellwether Sensex was at 27837.41 up by 1.5 points or by 0.01 per cent, while the NSE Nifty was at 8588.9 points, trading lower by 3.3 points or by 0.04 per cent.
On the global front, Asian stocks were trading mixed today as traders remained in a wait-and-see mode ahead of Federal Reserve Chairwoman Janet Yellen's speech later today. US stocks ended lower in the previous trading session with healthcare stocks extending previous trading session's decline.
