Pre Session- Bullish opening on the cards for Dalal Street
23/05/2016
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The key domestic equity benchmarks are likely to open on a positive note on Monday even amidst a mixed trend in markets across Asia as investors across the globe await further cues over the timing of the next US Federal Reserve interest rate hike. Gains in the CNX Nifty Index Futures for May delivery which advanced by 0.28 per cent or 22 points at 7,784 at 10:38 AM Singapore time also signal that Dalal Street may open higher today. March quarter earnings numbers from the likes of SBI, Coal India, BPCL, Tata Power, Cipla, Tech Mahindra, Bajaj Auto, GAIL, Tata Steel, Larsen & Toubro and Bharat Heavy Electricals will be in focus this week. Caution amidst the update on the progress of the monsoon rains may weigh on domestic stock markets this week. Volatility may remain high at the domestic bourses this week as traders roll over their positions ahead of the May derivative contract on Thursday. Last week, the 30-share Sensex tanked 187.67 points or 0.73 per cent at 25,301.9 as minutes from the Fed’s latest meeting in April showed that policymakers are weighing the option of a June interest rate hike.
Asian stocks were trading mixed with markets in mainland China and Hong Kong advancing but Japan’s Nikkei 225 tumbled almost 1 per cent as oil prices dropped and a stronger yen dimmed the appeal of exporter stocks while traders reacted to data showing a seventh straight decline in exports in April. Meanwhile, speculation of a near-term Fed interest rate hike heightened as Fed Bank of Boston President Eric Rosengren, who votes on policy changes, told the Financial Times over the weekend that he’s ready to back a rate increase. Sales of US existing homes rose 1.7 per cent to a three-month high of 5.45 million annualized rate in April, signaling a robust housing market recovery in the world’s biggest economy, bolstering the case for higher borrowing costs
23/05/2016
REGISTER FOR LIVE TRIAL TIPS CURRENCY / COMMODITY / COMMODITY MINI / EQUITY / OPTION / FOREX -Click Here:
The key domestic equity benchmarks are likely to open on a positive note on Monday even amidst a mixed trend in markets across Asia as investors across the globe await further cues over the timing of the next US Federal Reserve interest rate hike. Gains in the CNX Nifty Index Futures for May delivery which advanced by 0.28 per cent or 22 points at 7,784 at 10:38 AM Singapore time also signal that Dalal Street may open higher today. March quarter earnings numbers from the likes of SBI, Coal India, BPCL, Tata Power, Cipla, Tech Mahindra, Bajaj Auto, GAIL, Tata Steel, Larsen & Toubro and Bharat Heavy Electricals will be in focus this week. Caution amidst the update on the progress of the monsoon rains may weigh on domestic stock markets this week. Volatility may remain high at the domestic bourses this week as traders roll over their positions ahead of the May derivative contract on Thursday. Last week, the 30-share Sensex tanked 187.67 points or 0.73 per cent at 25,301.9 as minutes from the Fed’s latest meeting in April showed that policymakers are weighing the option of a June interest rate hike.
Asian stocks were trading mixed with markets in mainland China and Hong Kong advancing but Japan’s Nikkei 225 tumbled almost 1 per cent as oil prices dropped and a stronger yen dimmed the appeal of exporter stocks while traders reacted to data showing a seventh straight decline in exports in April. Meanwhile, speculation of a near-term Fed interest rate hike heightened as Fed Bank of Boston President Eric Rosengren, who votes on policy changes, told the Financial Times over the weekend that he’s ready to back a rate increase. Sales of US existing homes rose 1.7 per cent to a three-month high of 5.45 million annualized rate in April, signaling a robust housing market recovery in the world’s biggest economy, bolstering the case for higher borrowing costs
