Urjit Patel being announced the new RBI Governor, Nifty likely to open flat
New RBI guv news may hold market up Asian markets open mixed in the early trade as investors are cautious ahead of a speech from Federal Reserve Chair Janet Yellen at Jackson Hole on Friday.
The equity markets in India is expected to open flat on Monday. SGX Nifty was trading at 8690.50 up 2.50 points.
Asian markets open mixed in the early trade as investors are cautious ahead of a speech from Federal Reserve Chair Janet Yellen at Jackson Hole on Friday.
With utilities dropping more than 1 percent in the US market, stocks closed lower on Friday, as investors digested hawkish rhetoric from Federal Reserve officials and kept an eye on oil prices.
In the European market, stocks finished in the red on Friday, as a sharp decline in mining stocks and banks added pressure to the region, while investors kept an eye on oil's fluctuations and individual stock news.
The dollar gained against major peers, as hawkish comments from a Federal Reserve official added to the prospects that US interest rates will increase this year. In the world of commodities, crude oil and brent crude prices fell marginally as Iraq seeks to increase exports amid a global overhang of crude inventories.
From the precious metals space, gold prices traded around USD 1340 an ounce. Back home, it was a week that belonged to the midcaps on Dalal Street. Bluechips ended the day but midcaps were at a record high.
With Urjit Patel being announced the new RBI Governor, the wait was over. Patel will assume office as the 24th RBI governor for three years on September 5. Most experts believe his appointment as RBI governor will ensure policy continuity.
New RBI guv news may hold market up Asian markets open mixed in the early trade as investors are cautious ahead of a speech from Federal Reserve Chair Janet Yellen at Jackson Hole on Friday.
The equity markets in India is expected to open flat on Monday. SGX Nifty was trading at 8690.50 up 2.50 points.
Asian markets open mixed in the early trade as investors are cautious ahead of a speech from Federal Reserve Chair Janet Yellen at Jackson Hole on Friday.
With utilities dropping more than 1 percent in the US market, stocks closed lower on Friday, as investors digested hawkish rhetoric from Federal Reserve officials and kept an eye on oil prices.
In the European market, stocks finished in the red on Friday, as a sharp decline in mining stocks and banks added pressure to the region, while investors kept an eye on oil's fluctuations and individual stock news.
The dollar gained against major peers, as hawkish comments from a Federal Reserve official added to the prospects that US interest rates will increase this year. In the world of commodities, crude oil and brent crude prices fell marginally as Iraq seeks to increase exports amid a global overhang of crude inventories.
From the precious metals space, gold prices traded around USD 1340 an ounce. Back home, it was a week that belonged to the midcaps on Dalal Street. Bluechips ended the day but midcaps were at a record high.
With Urjit Patel being announced the new RBI Governor, the wait was over. Patel will assume office as the 24th RBI governor for three years on September 5. Most experts believe his appointment as RBI governor will ensure policy continuity.
