Pre Session- Flat opening seen for Sensex on weak Asia trend
05/11/2014 08:28
The key domestic benchmarks are likely to open on a muted note today tracking weakness in fellow Asian peers and a negative closing at Wall Street overnight as a slump in oil prices continued to weigh on energy stocks, while a reduction in Euro area growth forecast darkened the outlook for the global economy, dimming the appeal of risky assets. China’s Shanghai Composite and Hang Seng were trading lower after a slowdown in services activity signaled a further deceleration in growth in the world’s second biggest economy. The China services index fell to 52.9 in October from 53.5 in September, with a reading above 50 signaling expansion, HSBC and Markit Economics said. Japan’s Nikkei 225 fell as the yen was little changed after advancing in the previous session. Back home, markets will re-open today after yesterday’s holiday. However, optimism that the recent reform measures by the Modi government may boost economic growth may continue to support the Sensex.
05/11/2014 08:28
The key domestic benchmarks are likely to open on a muted note today tracking weakness in fellow Asian peers and a negative closing at Wall Street overnight as a slump in oil prices continued to weigh on energy stocks, while a reduction in Euro area growth forecast darkened the outlook for the global economy, dimming the appeal of risky assets. China’s Shanghai Composite and Hang Seng were trading lower after a slowdown in services activity signaled a further deceleration in growth in the world’s second biggest economy. The China services index fell to 52.9 in October from 53.5 in September, with a reading above 50 signaling expansion, HSBC and Markit Economics said. Japan’s Nikkei 225 fell as the yen was little changed after advancing in the previous session. Back home, markets will re-open today after yesterday’s holiday. However, optimism that the recent reform measures by the Modi government may boost economic growth may continue to support the Sensex.
