Sensex opens higher on rate cut hopes; Nifty up 17 pts
15/09/2016 09:30
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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At 9:18 AM, the Bombay Stock Exchange bellwether Sensex was at 28421.68, up by 49.45 points or by 0.17 per cent and the NSE Nifty was at 8743.85, up by 17.25 points or by 0.2 per cent.
Meanwhile, rising expectations of an interest rate cut by the RBI in October after consumer inflation dipped to a five-month low to below the upper tolerance level of the government’s official annual inflation target, in August, continued to offer support to domestic bourses.
On the sectoral front, FMCG and CDS stocks were leading the gain, adding as much as 0.48 per cent and 0.39 per cent respectively.
On the global front, Asian stocks were trading mostly lower, barring Hang Seng, as cautioned ruled sentiment ahead of upcoming central bank meetings next week. Shanghai Composite was closed today, Hang Seng logged modest gains while Japan’s Nikkei 225 sank over 1 per cent as a stronger yen curbed the lure for exporter stocks.
15/09/2016 09:30
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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The key domestic benchmark indices belled the day on positive note on Thursday tracking weakness across many markets in Asia and a soft finish at Wall Street overnight as traders worldwide stick to a cautious approach ahead of key central bank meetings in Japan and the US next week while a slide in oil prices raised worries over the health of the world economy.At 9:18 AM, the Bombay Stock Exchange bellwether Sensex was at 28421.68, up by 49.45 points or by 0.17 per cent and the NSE Nifty was at 8743.85, up by 17.25 points or by 0.2 per cent.
Meanwhile, rising expectations of an interest rate cut by the RBI in October after consumer inflation dipped to a five-month low to below the upper tolerance level of the government’s official annual inflation target, in August, continued to offer support to domestic bourses.
On the sectoral front, FMCG and CDS stocks were leading the gain, adding as much as 0.48 per cent and 0.39 per cent respectively.
On the global front, Asian stocks were trading mostly lower, barring Hang Seng, as cautioned ruled sentiment ahead of upcoming central bank meetings next week. Shanghai Composite was closed today, Hang Seng logged modest gains while Japan’s Nikkei 225 sank over 1 per cent as a stronger yen curbed the lure for exporter stocks.
