REGISTER FOR LIVE TRIAL TIPS CURRENCY / COMMODITY / COMMODITY MINI / EQUITY / OPTION / FOREX -Click Here:
Pre Session- Bullish opening seen for Sensex on global rally
25/05/2016
Indian equity benchmarks are set to witness a gap up opening on Wednesday tracking a surge in Asian equities and a strong finish at Wall Street overnight as a jump in US home sales bolstered optimism that the world’s biggest economy will be able to withstand the effect of higher interest rates, boosting the lure for risky assets. Gains in the CNX Nifty Index Futures for May delivery which advanced by 0.89 per cent or 69.5 points at 7,825 at 10:29 AM Singapore time also signal that Dalal Street may open higher today. Shares of Bajaj Auto, Tata Steel and GAIL will be in focus as these companies unveil their March quarter earnings numbers today. Volatility may remain high at the domestic bourses as traders roll over their positions ahead of the May futures & options (F&O) contract expiry on Thursday. Snapping a four-day losing streak, the 30-share Sensex on Tuesday rallied by 75.11 points or by 0.30 per cent to end at 25,305.47 as upbeat earnings data from the likes of Tata Power helped overshadow growing speculation of a US Fed interest rate hike in June.
Asian stocks soared as traders cheered data showing that US new home sales rose to the highest level in more than eight years, up by 16.6 per cent to a 619,000 annualized rate in April 2016, signaling a robust housing market recovery in the country’s economy, and raising hopes that a potential June rate hike may not have an adverse impact on growth. China’s Shanghai Composite rose, Hang Seng jumped over 2 per cent led by energy and financial shares while Japan’s Nikkei 225 climbed almost 2 per cent as a weaker yen bolstered the appeal of exporter stocks. US stocks jumped on Tuesday as financial shares rallied amid speculation of a summer Fed rate hike while upbeat housing data signaled confidence in the country’s economic recovery
Pre Session- Bullish opening seen for Sensex on global rally
25/05/2016
Indian equity benchmarks are set to witness a gap up opening on Wednesday tracking a surge in Asian equities and a strong finish at Wall Street overnight as a jump in US home sales bolstered optimism that the world’s biggest economy will be able to withstand the effect of higher interest rates, boosting the lure for risky assets. Gains in the CNX Nifty Index Futures for May delivery which advanced by 0.89 per cent or 69.5 points at 7,825 at 10:29 AM Singapore time also signal that Dalal Street may open higher today. Shares of Bajaj Auto, Tata Steel and GAIL will be in focus as these companies unveil their March quarter earnings numbers today. Volatility may remain high at the domestic bourses as traders roll over their positions ahead of the May futures & options (F&O) contract expiry on Thursday. Snapping a four-day losing streak, the 30-share Sensex on Tuesday rallied by 75.11 points or by 0.30 per cent to end at 25,305.47 as upbeat earnings data from the likes of Tata Power helped overshadow growing speculation of a US Fed interest rate hike in June.
Asian stocks soared as traders cheered data showing that US new home sales rose to the highest level in more than eight years, up by 16.6 per cent to a 619,000 annualized rate in April 2016, signaling a robust housing market recovery in the country’s economy, and raising hopes that a potential June rate hike may not have an adverse impact on growth. China’s Shanghai Composite rose, Hang Seng jumped over 2 per cent led by energy and financial shares while Japan’s Nikkei 225 climbed almost 2 per cent as a weaker yen bolstered the appeal of exporter stocks. US stocks jumped on Tuesday as financial shares rallied amid speculation of a summer Fed rate hike while upbeat housing data signaled confidence in the country’s economic recovery
