Markets open higher in early trade
22/08/2016 09:27
Click Here & Register To Get 2 days Trial Tips
Free Intraday Tips : Join Our Whatsapp No : 9841986753
The key domestic benchmark indices opened higher in the morning trading session on mixed regional cues. Traders will be getting some encouragement with the appointment of Urjit Patel, a known inflation fighter, as Raghuram Rajan’s successor at the Reserve Bank of India. Patel’s appointment is also an indirect acknowledgment of Raghuram Rajan’s work and legacy.
The markets also got bolstered with global rating agency Moody's saying that clean-up of India's banks was good for India's credit rating and it expected the process to continue under governor-designate Urjit Patel.
At 09:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28126.27 up by 49.27 points or by 0.18 per cent, while the NSE Nifty was at 8667 points, trading higher by 0.1 points or by 0.00 per cent.
On the global front, Asian stocks were trading lower today amid uncertainty whether the US Federal Reserve is readying an interest rate hike this month. US stocks registered small losses in the previous trading session with traders holding their horses ahead of a speech from Federal Reserve chair Janet Yellen at Jackson Hole this week.
22/08/2016 09:27
Click Here & Register To Get 2 days Trial Tips
Free Intraday Tips : Join Our Whatsapp No : 9841986753
NIFTY FUT TREND : SELL ZONE
The key domestic benchmark indices opened higher in the morning trading session on mixed regional cues. Traders will be getting some encouragement with the appointment of Urjit Patel, a known inflation fighter, as Raghuram Rajan’s successor at the Reserve Bank of India. Patel’s appointment is also an indirect acknowledgment of Raghuram Rajan’s work and legacy.
The markets also got bolstered with global rating agency Moody's saying that clean-up of India's banks was good for India's credit rating and it expected the process to continue under governor-designate Urjit Patel.
At 09:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28126.27 up by 49.27 points or by 0.18 per cent, while the NSE Nifty was at 8667 points, trading higher by 0.1 points or by 0.00 per cent.
On the global front, Asian stocks were trading lower today amid uncertainty whether the US Federal Reserve is readying an interest rate hike this month. US stocks registered small losses in the previous trading session with traders holding their horses ahead of a speech from Federal Reserve chair Janet Yellen at Jackson Hole this week.
