Markets open higher in early trade 02/08/2016 09:26
09.26 Am - Nifty Fut : Buy Zone
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 supported the outlook for Asia’s third biggest economy, improving risk taking appetite.
Acceleration in manufacturing activity also augured well for the Indian economy as the country’s manufacturing PMI rose to a four-month high of 51.8 in July from 51.7 in June, with a reading above 50 signaling expansion.
Weak report cards from Sensex heavyweights such as ICICI Bank which reported a 25 per cent drop in quarterly profit due to higher provisions and L&T which warned of continued sluggishness in the country’s investment climate may dim some optimism over Asia’s third biggest economy.
Shares of Indian Bank and Torrent Power will be in focus today amidst the announcement of their April-June 2016 quarter earnings.
At 09:20 AM,
Sensex was at 28027.84 up by 24.72 points or by 0.09 per cent,
Nifty was at 8647.45 points, trading higher by 10.9 points or by 0.13 per cent.
On the global front, Asian stocks were trading lower today taking cues from a modestly lower day on Wall Street overnight as US crude oil prices slid. The US markets ended lower in the previous trading session after cooling factory growth raised concerns over a slowdown in the world’s biggest economy.
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09.26 Am - Nifty Fut : Buy Zone
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 supported the outlook for Asia’s third biggest economy, improving risk taking appetite.
Acceleration in manufacturing activity also augured well for the Indian economy as the country’s manufacturing PMI rose to a four-month high of 51.8 in July from 51.7 in June, with a reading above 50 signaling expansion.
Weak report cards from Sensex heavyweights such as ICICI Bank which reported a 25 per cent drop in quarterly profit due to higher provisions and L&T which warned of continued sluggishness in the country’s investment climate may dim some optimism over Asia’s third biggest economy.
Shares of Indian Bank and Torrent Power will be in focus today amidst the announcement of their April-June 2016 quarter earnings.
At 09:20 AM,
Sensex was at 28027.84 up by 24.72 points or by 0.09 per cent,
Nifty was at 8647.45 points, trading higher by 10.9 points or by 0.13 per cent.
On the global front, Asian stocks were trading lower today taking cues from a modestly lower day on Wall Street overnight as US crude oil prices slid. The US markets ended lower in the previous trading session after cooling factory growth raised concerns over a slowdown in the world’s biggest economy.
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Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
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