Pre Session: Markets may open lower amid weak Asian cues
04/09/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
The Indian benchmark indices are set to open lower on Monday tracking weak cues from the Asian peers.
The Asian markets have opened lower on elevated tensions on the Korean Peninsula early on Monday after North Korea said it tested a hydrogen bomb over the weekend, while the Wall Street closed higher in the previous trading session on hopes of a tighter monetary policy on the back of non-farm payrolls.
On the economy front, the dalal Street could watch out for data trends from the services purchasing managers’ index (PMI) that will be announced on September 5.
On the corporate front, ICICI Bank will be in focus after the Supreme Court decided in its favour in a case against defaulter Innoventive Industries. Also, South India-based TTK Group stocks could be in focus after it has decided to sell majority stake in its insurance JV Cigna TTK to Manipal Group.
Also, with the Cabinet reshuffling taking place, the Street could take cues from these developments to determine the direction in which the government is heading.
Muted trends in the SGX Nifty Index Futures for September delivery, which were trading at 10,000, down by 14.00 points.
04/09/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Free Intraday Tips : Join Our Whatsapp No : 9841986753
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The Indian benchmark indices are set to open lower on Monday tracking weak cues from the Asian peers.
The Asian markets have opened lower on elevated tensions on the Korean Peninsula early on Monday after North Korea said it tested a hydrogen bomb over the weekend, while the Wall Street closed higher in the previous trading session on hopes of a tighter monetary policy on the back of non-farm payrolls.
On the economy front, the dalal Street could watch out for data trends from the services purchasing managers’ index (PMI) that will be announced on September 5.
On the corporate front, ICICI Bank will be in focus after the Supreme Court decided in its favour in a case against defaulter Innoventive Industries. Also, South India-based TTK Group stocks could be in focus after it has decided to sell majority stake in its insurance JV Cigna TTK to Manipal Group.
Also, with the Cabinet reshuffling taking place, the Street could take cues from these developments to determine the direction in which the government is heading.
Muted trends in the SGX Nifty Index Futures for September delivery, which were trading at 10,000, down by 14.00 points.
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
