Markets open higher in early trade
08/08/2016 09:26
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09.26 Am - Nifty Fut : Buy Zone
The key domestic benchmark indices opened higher in the morning trading session tracking a positive trend across most markets in Asia as strong US jobs data signaled a pickup in the recovery in the world’s biggest economy, bolstering risk taking appetite.
Dalal Street this week will be dictated by the RBI’s policy meeting, the last leg of corporate earnings, macro-economic data and the progress of monsoon rains. The RBI on Tuesday may maintain status quo on interest rates as a pickup in inflation in the past three months amid a jump in food prices leaves little room for further monetary easing.
Hero MotoCorp, Idea Cellular, Adani Ports and Special Economic Zone, Lupin, Mahindra & Mahindra and Hindalco Industries are among the major firms which will announce their April-June 2016 quarter results this week. The focus will also be on the June industrial output data and July consumer inflation to be released on Friday.
At 09:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28200.73 up by 122.38 points or by 0.44 per cent, while the NSE Nifty was at 8712.85 points, trading higher by 29.7 points or by 0.34 per cent.
On the global front, Asian stocks were trading higher today tracking a record finish at Wall Street on Friday as better-than-expected US jobs data signaled a strengthening US economic recovery. The US markets ended higher in the previous trading session as traders cheered the July jobs data even as it bolstered the case for an interest rate hike before the end of the year.
08/08/2016 09:26
Click Here & Register To Get 2 days Trial Tips
Free Intraday Tip : Join Our Whatsapp No : 9841986753
09.26 Am - Nifty Fut : Buy Zone
The key domestic benchmark indices opened higher in the morning trading session tracking a positive trend across most markets in Asia as strong US jobs data signaled a pickup in the recovery in the world’s biggest economy, bolstering risk taking appetite.
Dalal Street this week will be dictated by the RBI’s policy meeting, the last leg of corporate earnings, macro-economic data and the progress of monsoon rains. The RBI on Tuesday may maintain status quo on interest rates as a pickup in inflation in the past three months amid a jump in food prices leaves little room for further monetary easing.
Hero MotoCorp, Idea Cellular, Adani Ports and Special Economic Zone, Lupin, Mahindra & Mahindra and Hindalco Industries are among the major firms which will announce their April-June 2016 quarter results this week. The focus will also be on the June industrial output data and July consumer inflation to be released on Friday.
At 09:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28200.73 up by 122.38 points or by 0.44 per cent, while the NSE Nifty was at 8712.85 points, trading higher by 29.7 points or by 0.34 per cent.
On the global front, Asian stocks were trading higher today tracking a record finish at Wall Street on Friday as better-than-expected US jobs data signaled a strengthening US economic recovery. The US markets ended higher in the previous trading session as traders cheered the July jobs data even as it bolstered the case for an interest rate hike before the end of the year.
