Markets trading near flat line; Coal India, Power Grid shares decline
19/08/2016 10:24
NIFTY Fut : Trend : SELL ZONE
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The key domestic benchmark indices were trading near the flat line in the morning trading session tracking a weak trend across markets in Asia as renewed fears over a US interest rate hike in the near-term after comments from a top Fed official who backed the case for a rate hike soon, curbed risk taking appetite.
Tightening of US monetary policy may result in volatility in capital flows to emerging markets such as Asia’s third biggest economy.
In the absence of any major domestic triggers, Dalal Street is expected to witness some consolidation in the near-term.
At 10:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28112.33 down by 11.11 points or by 0.04 per cent, while the NSE Nifty was at 8678.95 points, trading higher by 5.7 points or by 0.07 per cent.
On the global front, Asian stocks were trading lower today due to worries over a near-term US rate hike as Federal Reserve Bank of San Francisco President John Williams stressed that the world’s biggest economy was strong enough to warrant a rise in interest rates soon, warning against waiting too long which could spur high inflation or asset bubbles that may curb growth.
19/08/2016 10:24
NIFTY Fut : Trend : SELL 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 near the flat line in the morning trading session tracking a weak trend across markets in Asia as renewed fears over a US interest rate hike in the near-term after comments from a top Fed official who backed the case for a rate hike soon, curbed risk taking appetite.
Tightening of US monetary policy may result in volatility in capital flows to emerging markets such as Asia’s third biggest economy.
In the absence of any major domestic triggers, Dalal Street is expected to witness some consolidation in the near-term.
At 10:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28112.33 down by 11.11 points or by 0.04 per cent, while the NSE Nifty was at 8678.95 points, trading higher by 5.7 points or by 0.07 per cent.
On the global front, Asian stocks were trading lower today due to worries over a near-term US rate hike as Federal Reserve Bank of San Francisco President John Williams stressed that the world’s biggest economy was strong enough to warrant a rise in interest rates soon, warning against waiting too long which could spur high inflation or asset bubbles that may curb growth.
