The key domestic benchmarks are likely to open on a positive note
tracking a firm trend in fellow Asian stocks and yet another record high closing
at Wall Street amid easing concerns over the health of the global economy on
central bank action in China and Europe. Asian stocks advanced as investors
continued to cheer the surprise interest rate cut by Beijing which is expected
to help stem a lingering slowdown in the world’s second biggest economy. China’s
Shanghai Composite climbed while Hang Seng was trading tad higher and Japan’s
Nikkei 225 advanced as a weaker yen boosted the appeal of exporter stocks. Back
home, investor sentiment remains positive as the Winter Session of Parliament
which began yesterday offers hopes that the Modi government may be successful in
passing key bills to reduce red tape and bolstering FDI investment in sectors
such as insurance. Some volatility may be seen in markets ahead of the expiry of
the November F&O contracts on Thursday.
