Markets open higher in early trade
07/09/2016 09:24
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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The key domestic benchmark indices opened higher in the morning trading session as tepid US services data signaled underlying sluggishness in the world’s biggest economy, dimming speculation of a Federal Reserve interest rate hike in the near-term, bolstering risk taking appetite.
The markets may remain optimistic over Asia’s third biggest economy in the wake of recent manufacturing and services data which may continue to bolster sentiment at Dalal Street. While India’s services growth hit an over three and a half-year high in August 2016 that of manufacturing jumped to the highest level in 13 months. Further, a delayed Fed rate hike may also boost foreign fund inflows into emerging markets such as India.
At 09:20 AM, the Bombay Stock Exchange bellwether Sensex was at 29035.67 up by 57.65 points or by 0.2 per cent, while the NSE Nifty was at 8968.7 points, trading higher by 25.7 points or by 0.29 per cent.
07/09/2016 09:24
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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The key domestic benchmark indices opened higher in the morning trading session as tepid US services data signaled underlying sluggishness in the world’s biggest economy, dimming speculation of a Federal Reserve interest rate hike in the near-term, bolstering risk taking appetite.
The markets may remain optimistic over Asia’s third biggest economy in the wake of recent manufacturing and services data which may continue to bolster sentiment at Dalal Street. While India’s services growth hit an over three and a half-year high in August 2016 that of manufacturing jumped to the highest level in 13 months. Further, a delayed Fed rate hike may also boost foreign fund inflows into emerging markets such as India.
At 09:20 AM, the Bombay Stock Exchange bellwether Sensex was at 29035.67 up by 57.65 points or by 0.2 per cent, while the NSE Nifty was at 8968.7 points, trading higher by 25.7 points or by 0.29 per cent.
