Markets open lower in early trade
03/08/2016 09:27
Nifty Fut : SELL Zone
The key domestic benchmark indices opened in a negative terrain in the morning trading session as a worsening sell-off in oil renewed concerns over the health of the global economy, hitting stock markets worldwide, soured risk taking appetite.
Further, traders erred on the side of caution ahead of the tabling of the crucial GST bill in the Rajya Sabha on Wednesday, that could give way to the country’s biggest breakthrough fiscal reform and help bolster business sentiment and growth in Asia’s third biggest economy.
At 09:20 AM, the Bombay Stock Exchange bellwether Sensex was at 27912.59 down by 69.12 points or by 0.25 per cent, while the NSE Nifty was at 8600.20 points, trading lower by 22.70 points or by 0.26 per cent.
On the global front, Asian stocks were trading lower today as oil’s renewed slide to below USD 40 per barrel signaled alarm bells over the health of the world economy while Japan’s stimulus package left investors disappointed. The US markets ended lower in the previous trading session as plunging crude oil prices and soft consumer spending revived anxiety over global growth outlook.
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03/08/2016 09:27
Nifty Fut : SELL Zone
The key domestic benchmark indices opened in a negative terrain in the morning trading session as a worsening sell-off in oil renewed concerns over the health of the global economy, hitting stock markets worldwide, soured risk taking appetite.
Further, traders erred on the side of caution ahead of the tabling of the crucial GST bill in the Rajya Sabha on Wednesday, that could give way to the country’s biggest breakthrough fiscal reform and help bolster business sentiment and growth in Asia’s third biggest economy.
At 09:20 AM, the Bombay Stock Exchange bellwether Sensex was at 27912.59 down by 69.12 points or by 0.25 per cent, while the NSE Nifty was at 8600.20 points, trading lower by 22.70 points or by 0.26 per cent.
On the global front, Asian stocks were trading lower today as oil’s renewed slide to below USD 40 per barrel signaled alarm bells over the health of the world economy while Japan’s stimulus package left investors disappointed. The US markets ended lower in the previous trading session as plunging crude oil prices and soft consumer spending revived anxiety over global growth outlook.
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