Pre-Session –Positive opening on cards for markets
23/07/2014 08:16
Tracking firm cues from Asian peers, the domestic equity market is likely to open higher on Wednesday. Even, Nifty India stock futures in Singapore were trading in positive terrain, signaling a higher opening for the domestic bourses. On the global front, Asian peers were trading higher as reports bolstered the outlook for the global economy. In overnight trading, Wall Street ended higher as strong earnings report and economic data lifted sentiment. Apple Inc reported third-quarter earnings that topped expectations, though revenue missed forecasts.
The Indian benchmark indices ended higher for the sixth straight day on Tuesday helped by gains in IT, Teck, metals, oil & gas, infrastructure and consumer durable stocks. Further, the continued support from foreign institutional investors also lifted market sentiments. On the sectoral front, shares of telecom services providers such as Bharti Airtel, Idea Cellular and Reliance Communications (RCom) ended higher after the telecom regulator authority of India (TRAI) recommended allowing sharing of all categories of airwaves held by operators, the move could help companies to reduce cost of mobile services.
The BSE SENSEX closed at 26025.8 up by 310.63 points or by 1.21 per cent, while the NSE Nifty ended at 7767.85 up by 83.65 points or by 1.09 per cent.
23/07/2014 08:16
Tracking firm cues from Asian peers, the domestic equity market is likely to open higher on Wednesday. Even, Nifty India stock futures in Singapore were trading in positive terrain, signaling a higher opening for the domestic bourses. On the global front, Asian peers were trading higher as reports bolstered the outlook for the global economy. In overnight trading, Wall Street ended higher as strong earnings report and economic data lifted sentiment. Apple Inc reported third-quarter earnings that topped expectations, though revenue missed forecasts.
The Indian benchmark indices ended higher for the sixth straight day on Tuesday helped by gains in IT, Teck, metals, oil & gas, infrastructure and consumer durable stocks. Further, the continued support from foreign institutional investors also lifted market sentiments. On the sectoral front, shares of telecom services providers such as Bharti Airtel, Idea Cellular and Reliance Communications (RCom) ended higher after the telecom regulator authority of India (TRAI) recommended allowing sharing of all categories of airwaves held by operators, the move could help companies to reduce cost of mobile services.
The BSE SENSEX closed at 26025.8 up by 310.63 points or by 1.21 per cent, while the NSE Nifty ended at 7767.85 up by 83.65 points or by 1.09 per cent.
