Markets open higher in early trade 01/08/2016 09:26
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The key domestic benchmark indices opened in a positive terrain in the morning trading session as progress on the crucial Goods and Services Tax (GST) bill bolstered the outlook for Asia’s third biggest economy, boosting risk taking appetite.
The much awaited GST bill has been listed by the Modi government for consideration and passage in Rajya Sabha's agenda for this week in the ongoing monsoon session of the Parliament.
Shares of HCL Technologies, Tech Mahindra, Indian Bank, Tata Power and GlaxoSmithKline Consumer Healthcare will be in focus this week amidst their April-June quarter earnings announcements.
Dalal Street will also keep a close watch on July factory data with the manufacturing PMI set for release today.
On the global front, Asian stocks were trading mixed today as a contraction in China’s manufacturing sector raised concerns over a slowdown in the world’s second biggest economy. The US markets ended higher in the previous trading session as a smaller than expected gain in US Q2 GDP raised bets that the Federal Reserve may not be in a hurry to tighten interest rates.
09.26Am - Nifty Fut : Buy Zone
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The key domestic benchmark indices opened in a positive terrain in the morning trading session as progress on the crucial Goods and Services Tax (GST) bill bolstered the outlook for Asia’s third biggest economy, boosting risk taking appetite.
The much awaited GST bill has been listed by the Modi government for consideration and passage in Rajya Sabha's agenda for this week in the ongoing monsoon session of the Parliament.
Shares of HCL Technologies, Tech Mahindra, Indian Bank, Tata Power and GlaxoSmithKline Consumer Healthcare will be in focus this week amidst their April-June quarter earnings announcements.
Dalal Street will also keep a close watch on July factory data with the manufacturing PMI set for release today.
On the global front, Asian stocks were trading mixed today as a contraction in China’s manufacturing sector raised concerns over a slowdown in the world’s second biggest economy. The US markets ended higher in the previous trading session as a smaller than expected gain in US Q2 GDP raised bets that the Federal Reserve may not be in a hurry to tighten interest rates.
