Pre Session: Markets may open higher amid mixed Asian cues
05/03/2018
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
The Indian benchmark indices are set to open flat to higher on Monday amid mixed cues from other Asian peers.
The Asian markets have opened on a mixed note tracking trends seen stateside in the previous session, while Wall Street closed mixed in the previous trading session as President Donald Trump’s threat to impose import tariffs on steel and aluminium rattled investors.
On the economy front, the markets may react to the report that the Union Cabinet approved the setting up of a body called the National Financial Reporting Authority to oversee accounting and auditing norms at all listed and large unlisted companies. Also, Public sector banks have written off loans worth Rs 516 crore owed by wilful defaulters in the first half of the current fiscal. Foreign investors pulled out over Rs 11,000 crore from Indian stocks in February, making it the largest outflow in five months, primarily due to better opportunities in other emerging markets.
Auto stocks will be in focus as auto majors Maruti Suzuki India (MSI), Mahindra & Mahindra (M&M) and Tata Motors posted robust double-digit growth in their domestic sales for February continuing the growth momentum.
Positive trends in the SGX Nifty Index Futures for March delivery, which were trading at 10,342, up by 28.50 points.
05/03/2018
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
The Indian benchmark indices are set to open flat to higher on Monday amid mixed cues from other Asian peers.
The Asian markets have opened on a mixed note tracking trends seen stateside in the previous session, while Wall Street closed mixed in the previous trading session as President Donald Trump’s threat to impose import tariffs on steel and aluminium rattled investors.
On the economy front, the markets may react to the report that the Union Cabinet approved the setting up of a body called the National Financial Reporting Authority to oversee accounting and auditing norms at all listed and large unlisted companies. Also, Public sector banks have written off loans worth Rs 516 crore owed by wilful defaulters in the first half of the current fiscal. Foreign investors pulled out over Rs 11,000 crore from Indian stocks in February, making it the largest outflow in five months, primarily due to better opportunities in other emerging markets.
Auto stocks will be in focus as auto majors Maruti Suzuki India (MSI), Mahindra & Mahindra (M&M) and Tata Motors posted robust double-digit growth in their domestic sales for February continuing the growth momentum.
Positive trends in the SGX Nifty Index Futures for March delivery, which were trading at 10,342, up by 28.50 points.
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
