Markets open higher in early trade
02/09/2016 09:26
NIFTY Fut : SELL ZONE
BANKNIFTY Fut : SELL ZONE
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The investors may resort to a cautious approach later in the day ahead of the much anticipated US jobs data for August to be released today which may offer further cues over the timing of the US Federal Reserve’s next interest rate hike.
At 09:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28495.65 up by 72.17 points or by 0.25 per cent, while the NSE Nifty was at 8796.35 points, trading higher by 21.7 points or by 0.25 per cent.
On the global front, Asian stocks were trading marginally higher today as risk aversion ruled sentiment ahead of the US jobs data which may determine whether the world’s top central bank moves to tighten interest rates as early as this month. US stocks ended lower in the previous trading session amid caution ahead of Friday’s payrolls numbers while a renewed contraction in US manufacturing clouded the country’s economic outlook.
02/09/2016 09:26
NIFTY Fut : SELL ZONE
BANKNIFTY Fut : SELL ZONE
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The key domestic benchmark indices opened in a positive terrain in the morning trading session as strong domestic and foreign demand lifted manufacturing activity to a 13-month high in August as the Manufacturing PMI rose to 52.6 from 51.8 in July.The investors may resort to a cautious approach later in the day ahead of the much anticipated US jobs data for August to be released today which may offer further cues over the timing of the US Federal Reserve’s next interest rate hike.
At 09:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28495.65 up by 72.17 points or by 0.25 per cent, while the NSE Nifty was at 8796.35 points, trading higher by 21.7 points or by 0.25 per cent.
On the global front, Asian stocks were trading marginally higher today as risk aversion ruled sentiment ahead of the US jobs data which may determine whether the world’s top central bank moves to tighten interest rates as early as this month. US stocks ended lower in the previous trading session amid caution ahead of Friday’s payrolls numbers while a renewed contraction in US manufacturing clouded the country’s economic outlook.
