Markets open flat in early trade
01/09/2016 09:24
NIFTY Fut : SELL ZONE
BANKNIFTY Fut : SELL ZONE
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India’s economy grew at 7.1 per cent in the April-June 2016 quarter, the slowest pace in five quarters, weighed down by sluggish investment and farm output.
At 09:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28489.07 up by 36.90 points or by 0.13 per cent, while the NSE Nifty was at 8794.30 points, trading higher by 8.10 points or by 0.09 per cent.
On the global front, Asian stocks were trading higher today as strong China manufacturing data offset a sell-off in commodity shares while traders awaited the much anticipated US jobs data to be released on Friday, and which will offer further clues over the timing of the next Fed interest rate hike. US stocks ended lower in the previous trading session amid a sell-off in energy companies after a surge in US stockpiles pushed oil to below USD 45 per barrel.
01/09/2016 09:24
NIFTY Fut : SELL ZONE
BANKNIFTY Fut : SELL ZONE
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The key domestic benchmark indices opened near the flat line in the morning trading session as traders reacted to weaker-than-expected Q1 GDP growth in Asia’s third biggest economy while a mixed trend in global markets amid caution ahead of US August payrolls data and a renewed slump in oil to below USD 45 per barrel on fresh glut worries, curbed risk taking appetite.India’s economy grew at 7.1 per cent in the April-June 2016 quarter, the slowest pace in five quarters, weighed down by sluggish investment and farm output.
At 09:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28489.07 up by 36.90 points or by 0.13 per cent, while the NSE Nifty was at 8794.30 points, trading higher by 8.10 points or by 0.09 per cent.
On the global front, Asian stocks were trading higher today as strong China manufacturing data offset a sell-off in commodity shares while traders awaited the much anticipated US jobs data to be released on Friday, and which will offer further clues over the timing of the next Fed interest rate hike. US stocks ended lower in the previous trading session amid a sell-off in energy companies after a surge in US stockpiles pushed oil to below USD 45 per barrel.
