Markets open lower in early trade
29/08/2016 09:32
NIFTY Fut TREND : SELL ZONE
BANKNIFTY Fut : SELL ZONE
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An earlier than expected Fed move may result in volatility in capital flows into emerging markets including Asia’s third biggest economy.
Traders this week will eye key macro-economic data including manufacturing and services PMI numbers for August which will offer further cues over the health of the Indian economy.
At 09:20 AM, the Bombay Stock Exchange bellwether Sensex was at 27727.8 down by 54.45 points or by 0.2 per cent, while the NSE Nifty was at 8568.60 points, trading lower by 3.95 points or by 0.05 per cent.
On the global front, Asian stocks were trading mixed today after Federal Reserve Chairwoman Janet Yellen on Friday, 26 August 2016 signalled the possibility of an interest-rate increase later this year but Japanese shares bucked the trend, boosted by a relatively weaker yen.
US stocks ended mixed in the previous trading session after Federal Reserve Chairwoman Janet Yellen signaled the possibility of an interest-rate increase later this year.
29/08/2016 09:32
NIFTY Fut TREND : SELL ZONE
BANKNIFTY Fut : SELL ZONE
Click Here & Register To Get 2 days Trial Tips
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The key domestic benchmark indices opened lower in the morning trading session tracking a bearish trend across most Asian stocks as investors across the globe weighed comments from Fed Chair Janet Yellen who on Friday stressed that the case for monetary tightening in the world’s biggest economy had strengthened, curbing the lure for risky assets.An earlier than expected Fed move may result in volatility in capital flows into emerging markets including Asia’s third biggest economy.
Traders this week will eye key macro-economic data including manufacturing and services PMI numbers for August which will offer further cues over the health of the Indian economy.
At 09:20 AM, the Bombay Stock Exchange bellwether Sensex was at 27727.8 down by 54.45 points or by 0.2 per cent, while the NSE Nifty was at 8568.60 points, trading lower by 3.95 points or by 0.05 per cent.
On the global front, Asian stocks were trading mixed today after Federal Reserve Chairwoman Janet Yellen on Friday, 26 August 2016 signalled the possibility of an interest-rate increase later this year but Japanese shares bucked the trend, boosted by a relatively weaker yen.
US stocks ended mixed in the previous trading session after Federal Reserve Chairwoman Janet Yellen signaled the possibility of an interest-rate increase later this year.
