Markets open lower in early trade
08/09/2016 09:25
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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The key domestic benchmark indices opened lower in the morning trading session tracking sluggishness in markets across Asia and a lackluster finish at Wall Street overnight as traders awaited the outlook for monetary policy in some key global economies, curbing risk taking appetite.
In the absence of any major domestic triggers, Dalal Street may remain in consolidation mode while focus shifts to monetary policy decisions across the US, UK, Euro area and Japan this month. Further global central bank stimulus and a continued low interest rate regime may keep powering foreign fund inflows into Asia’s third biggest economy as risk appetite increases.
At 09:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28895.68 down by 30.68 points or by 0.11 per cent, while the NSE Nifty was at 8909.65 points, trading lower by 8.30 points or by 0.09 per cent.
On the global front, Asian stocks were trading on a cautious note today as investors stayed on the sidelines ahead of the European Central Bank (ECB) meeting with the Frankfurt-based central bank likely to maintain record stimulus and issue fresh growth and inflation outlooks for the Euro area. US stocks closed flat in the previous trading session as traders assessed the case for Fed policy tightening in the coming months amid the recent bag of mixed economic data.
08/09/2016 09:25
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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The key domestic benchmark indices opened lower in the morning trading session tracking sluggishness in markets across Asia and a lackluster finish at Wall Street overnight as traders awaited the outlook for monetary policy in some key global economies, curbing risk taking appetite.
In the absence of any major domestic triggers, Dalal Street may remain in consolidation mode while focus shifts to monetary policy decisions across the US, UK, Euro area and Japan this month. Further global central bank stimulus and a continued low interest rate regime may keep powering foreign fund inflows into Asia’s third biggest economy as risk appetite increases.
At 09:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28895.68 down by 30.68 points or by 0.11 per cent, while the NSE Nifty was at 8909.65 points, trading lower by 8.30 points or by 0.09 per cent.
On the global front, Asian stocks were trading on a cautious note today as investors stayed on the sidelines ahead of the European Central Bank (ECB) meeting with the Frankfurt-based central bank likely to maintain record stimulus and issue fresh growth and inflation outlooks for the Euro area. US stocks closed flat in the previous trading session as traders assessed the case for Fed policy tightening in the coming months amid the recent bag of mixed economic data.
