Markets open higher in early trade
06/09/2016 09:29
NIFTY Fut : BUY ZONE
BANKNIFTY FUT : BUY ZONE
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Shares of GAIL, SAIL, OIL, ONGC, SpiceJet and Coal India will be in focus this week as the companies reveal their April-June 2016 quarter earnings.
Upbeat services sector data also supported sentiment at Dalal Street. India’s services activity accelerated in August 2016 driven by a solid improvement in new order inflows and pickup in business confidence, brightening the outlook for Asia’s third biggest economy.
The Nikkei India Services Business Activity Index climbed to 54.7 in August, the highest in over three and a half years, from 51.9 in July, with a reading above 50 signaling expansion.
At 09:25 AM, the Bombay Stock Exchange bellwether Sensex was at 28760.73 up by 228.62 points or by 0.8 per cent, while the NSE Nifty was at 8852.7 points, trading higher by 43.05 points or by 0.49 per cent.
On the global front, Asian stocks were trading higher today as prospects for a US interest-rate increase this month remained subdued. US stocks were closed on Monday on account of the Labour Day holiday.
06/09/2016 09:29
NIFTY Fut : BUY ZONE
BANKNIFTY FUT : BUY ZONE
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The key domestic benchmark indices opened higher in the morning trading session tracking a firm trend across markets in Asia as worries over a near-term US interest rate hike eased after Friday’s jobs data came in below expectations.Shares of GAIL, SAIL, OIL, ONGC, SpiceJet and Coal India will be in focus this week as the companies reveal their April-June 2016 quarter earnings.
Upbeat services sector data also supported sentiment at Dalal Street. India’s services activity accelerated in August 2016 driven by a solid improvement in new order inflows and pickup in business confidence, brightening the outlook for Asia’s third biggest economy.
The Nikkei India Services Business Activity Index climbed to 54.7 in August, the highest in over three and a half years, from 51.9 in July, with a reading above 50 signaling expansion.
At 09:25 AM, the Bombay Stock Exchange bellwether Sensex was at 28760.73 up by 228.62 points or by 0.8 per cent, while the NSE Nifty was at 8852.7 points, trading higher by 43.05 points or by 0.49 per cent.
On the global front, Asian stocks were trading higher today as prospects for a US interest-rate increase this month remained subdued. US stocks were closed on Monday on account of the Labour Day holiday.
