Markets open higher in early trade 04/10/2016 09:25
NIFTY Fut : BUY ZONE
BANKNIFTY FUT : BUY ZONE
Click Here & Register To Get 2 days Trial Tips
The key domestic benchmark indices opened higher in the morning trading session ahead of the Reserve Bank of India's policy review later in the day, tracking a mixed trend across markets in Asia. Traders are hoping that the newly constituted Monetary Policy Committee (MPC) headed by Patel may cut interest rates by 25 bps amid the recent dip in consumer inflation.
Besides rate cut hopes, positive global cues and steps taken by India and Pakistan to ease military tensions also boosted market sentiment.
At 09:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28379.74 up by 136.45 points or by 0.48 per cent, while the NSE Nifty was at 8775.30 points, trading higher by 37.20 points or by 0.43 per cent.
On the global front, Asian stocks were trading mixed today as rebound in oil prices and growth in US manufacturing bolstered sentiment. US stocks closed lower in the previous trading session amid renewed concerns about the UK's exit from the European Union and Deutsche Bank's liquidity, undermining stronger-than-expected manufacturing data.
NIFTY Fut : BUY ZONE
BANKNIFTY FUT : BUY ZONE
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Besides rate cut hopes, positive global cues and steps taken by India and Pakistan to ease military tensions also boosted market sentiment.
At 09:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28379.74 up by 136.45 points or by 0.48 per cent, while the NSE Nifty was at 8775.30 points, trading higher by 37.20 points or by 0.43 per cent.
On the global front, Asian stocks were trading mixed today as rebound in oil prices and growth in US manufacturing bolstered sentiment. US stocks closed lower in the previous trading session amid renewed concerns about the UK's exit from the European Union and Deutsche Bank's liquidity, undermining stronger-than-expected manufacturing data.
