Markets remain firm; GAIL, ONGC shares advance
04/10/2016 10:21
NIFTY Fut : BUY ZONE
BANKNIFTY FUT : BUY ZONE
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The key domestic benchmark indices were trading in a positive terrain in the morning trading session ahead of the Reserve Bank of India's policy review later in the day, tracking a mixed trend across markets in Asia. Investors are hoping that the newly established Monetary Policy Committee (MPC) headed by Patel may cut interest rates by 25 bps amid the recent dip in consumer inflation.
Besides rate cut hopes, positive global cues and steps taken by India and Pakistan to ease military tensions also boosted market sentiment.
At 10:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28315.92 up by 72.63 points or by 0.26 per cent, while the NSE Nifty was at 8765.55 points, trading higher by 27.45 points or by 0.31 per cent.
In the global front, Asian stocks were trading mixed today as rebound in oil prices and growth in US manufacturing bolstered sentiment. US stocks closed lower in the previous trading session amid renewed concerns about the UK's exit from the European Union and Deutsche Bank's liquidity, undermining stronger-than-expected manufacturing data.
04/10/2016 10:21
NIFTY Fut : BUY ZONE
BANKNIFTY FUT : BUY ZONE
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The key domestic benchmark indices were trading in a positive terrain in the morning trading session ahead of the Reserve Bank of India's policy review later in the day, tracking a mixed trend across markets in Asia. Investors are hoping that the newly established Monetary Policy Committee (MPC) headed by Patel may cut interest rates by 25 bps amid the recent dip in consumer inflation.
Besides rate cut hopes, positive global cues and steps taken by India and Pakistan to ease military tensions also boosted market sentiment.
At 10:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28315.92 up by 72.63 points or by 0.26 per cent, while the NSE Nifty was at 8765.55 points, trading higher by 27.45 points or by 0.31 per cent.
In the global front, Asian stocks were trading mixed today as rebound in oil prices and growth in US manufacturing bolstered sentiment. US stocks closed lower in the previous trading session amid renewed concerns about the UK's exit from the European Union and Deutsche Bank's liquidity, undermining stronger-than-expected manufacturing data.
