Pre Session- Sensex set to open higher on firm global cues
04/12/2014 08:33
The key domestic benchmarks are likely to open higher today tracking a bullish trend in Asian stocks and a record closing at Wall Street overnight as private employment in the US topped the 200K mark for the seventh time in eight months while services expanded at a faster than expected clip in November, signaling optimism over the health of the world’s biggest economy. China’s Shanghai Composite surged led by a rally in financial shares on increased trading volumes and new account openings. Hang Seng rose while Japan’s Nikkei 225 was trading higher as a weaker yen boosted the appeal of exporter stocks. Back home, better than expected Indian manufacturing and services PMI for the month of November signaled a pickup in growth in Asia’s third biggest economy, lifting sentiment. While manufacturing grew at the sharpest rate in 21 months, the services gauge hit the highest level in five months in November 2014, HSBC said.
Top traded Volumes on NSE Nifty – State Bank of India 13699078.00, Jindal Steel & Power Ltd. 13364264.00, IDFC Ltd. 10476742.00, Oil and Natural Gas Corporation Ltd. 9200512.00 and DLF Ltd. 8047255.00.
04/12/2014 08:33
The key domestic benchmarks are likely to open higher today tracking a bullish trend in Asian stocks and a record closing at Wall Street overnight as private employment in the US topped the 200K mark for the seventh time in eight months while services expanded at a faster than expected clip in November, signaling optimism over the health of the world’s biggest economy. China’s Shanghai Composite surged led by a rally in financial shares on increased trading volumes and new account openings. Hang Seng rose while Japan’s Nikkei 225 was trading higher as a weaker yen boosted the appeal of exporter stocks. Back home, better than expected Indian manufacturing and services PMI for the month of November signaled a pickup in growth in Asia’s third biggest economy, lifting sentiment. While manufacturing grew at the sharpest rate in 21 months, the services gauge hit the highest level in five months in November 2014, HSBC said.
Top traded Volumes on NSE Nifty – State Bank of India 13699078.00, Jindal Steel & Power Ltd. 13364264.00, IDFC Ltd. 10476742.00, Oil and Natural Gas Corporation Ltd. 9200512.00 and DLF Ltd. 8047255.00.
