Markets remain firm; Power Grid, APSEZ shares advance 18/08/2016 10:21
NIFTY Fut : Trend : BUY ZONE
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The key domestic benchmark indices were trading in a positive terrain in the morning trading session tracking a rally across most Asian stocks and a bullish finish at Wall Street overnight.
Traders got some support with signs that US Fed was embracing a lower-for-longer interest rate regime as FOMC minutes signaled that interest rates in the world’s biggest economy could stay low in the near-term, bolstering risk taking appetite. A slow pace of US monetary tightening may boost capital flows to emerging markets such as India.
However, in the absence of any major domestic triggers, Dalal Street is expected to consolidate in the near-term.
At 10:18 AM, the Bombay Stock Exchange bellwether Sensex was at 28112.61 up by 107.24 points or by 0.38 per cent, while the NSE Nifty was at 8655.05 points, trading higher by 31 points or by 0.36 per cent.
On the global front, Asian stocks were trading higher today after Fed minutes showed that policymakers from the world’s top central bank were divided over the urgency to raise interest rates. US stocks rose in the previous trading session as traders cheered Fed minutes which showed that officials in July were split over the need to raise interest rates again in the near-term as they agreed to wait for some more data before deciding on such a move.
NIFTY Fut : Trend : BUY ZONE
Click Here & Register To Get 2 days Trial Tips
Free Intraday Tips : Join Our Whatsapp No : 9841986753
The key domestic benchmark indices were trading in a positive terrain in the morning trading session tracking a rally across most Asian stocks and a bullish finish at Wall Street overnight.
Traders got some support with signs that US Fed was embracing a lower-for-longer interest rate regime as FOMC minutes signaled that interest rates in the world’s biggest economy could stay low in the near-term, bolstering risk taking appetite. A slow pace of US monetary tightening may boost capital flows to emerging markets such as India.
However, in the absence of any major domestic triggers, Dalal Street is expected to consolidate in the near-term.
At 10:18 AM, the Bombay Stock Exchange bellwether Sensex was at 28112.61 up by 107.24 points or by 0.38 per cent, while the NSE Nifty was at 8655.05 points, trading higher by 31 points or by 0.36 per cent.
On the global front, Asian stocks were trading higher today after Fed minutes showed that policymakers from the world’s top central bank were divided over the urgency to raise interest rates. US stocks rose in the previous trading session as traders cheered Fed minutes which showed that officials in July were split over the need to raise interest rates again in the near-term as they agreed to wait for some more data before deciding on such a move.
