Pre Session: Markets may open lower amid weak Asian cues
27/06/2018
The Indian benchmark indices are set to open lower on Wednesday amid weak cues from other Asian peers.
The Asian markets have opened on a lower note as weakness in Chinese stocks and the yuan weighed on sentiment, while Wall Street closed higher in the previous trading session helped by gains in the energy, technology and consumer discretionary sectors.
On the economy front, the markets may react to a report that Government debt rose 1.7 per cent to over Rs 76.94 lakh crore in the January-March period of 2017-18 fiscal over the previous quarter. Also, according to a report, the banking sector is in for more trouble as bad loans of commercial banks are expected to worsen to 12.2 percent of total loans by March 2019.
On the IPO front, globally, Indian exchanges recorded the highest IPO activity as the country saw 90 IPO launches that raised USD 3.9 billion in the first half of this year. Also, Auto component maker Varroc Engineering's initial public offer to raise Rs 1,955 crore was subscribed 33 percent on the first day of the bidding yesterday.
Muted trends in the SGX Nifty Index Futures for June delivery, which were trading at 10,750.50, down by 10.50 point.
27/06/2018
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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The Indian benchmark indices are set to open lower on Wednesday amid weak cues from other Asian peers.
The Asian markets have opened on a lower note as weakness in Chinese stocks and the yuan weighed on sentiment, while Wall Street closed higher in the previous trading session helped by gains in the energy, technology and consumer discretionary sectors.
On the economy front, the markets may react to a report that Government debt rose 1.7 per cent to over Rs 76.94 lakh crore in the January-March period of 2017-18 fiscal over the previous quarter. Also, according to a report, the banking sector is in for more trouble as bad loans of commercial banks are expected to worsen to 12.2 percent of total loans by March 2019.
On the IPO front, globally, Indian exchanges recorded the highest IPO activity as the country saw 90 IPO launches that raised USD 3.9 billion in the first half of this year. Also, Auto component maker Varroc Engineering's initial public offer to raise Rs 1,955 crore was subscribed 33 percent on the first day of the bidding yesterday.
Muted trends in the SGX Nifty Index Futures for June delivery, which were trading at 10,750.50, down by 10.50 point.
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
