Pre Session: Markets may open higher amid robust Asian cues 07/09/2017

Pre Session: Markets may open higher amid robust Asian cues
07/09/2017
NIFTY FUT  TREND            : BUY ZONE
BANKNIFTY FUT TREND  : BUY ZONE

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The Indian benchmark indices are set to open higher on Thursday amid robust cues from the Asian peers.

The Asian markets have opened on a positive note following the stronger lead from Wall Street overnight on political developments out of Washington, while Wall Street closed higher in the previous trading session boosted by energy shares and helped by news of an agreement to extend the debt limit.

As per market reports, capital market regulator Sebi is likely to propose the tightening of listing criteria on the stock exchanges, at its upcoming board meeting on September 18. The proposal may apply to the main board of stock exchanges as well as the small and medium enterprises (SME) segment.

The markets may react to the Federal Reserve’s more dovish stance in the face of weak inflation data, reducing the likelihood of a third rate hike this year.

Positive trends in the SGX Nifty Index Futures for September delivery, which were trading at 9,976, up by 31 points.

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