Pre Session- Sensex to open in the red; weak CAD data to weigh
09/12/2014 08:38
The key domestic benchmarks are likely to open lower today tracking a bearish trend in most Asian markets and a negative closing at Wall Street overnight as oil prices tumbled. While China’s Shanghai Composite extended a rally as a rise in exports and fall in imports last month helped the nation post a record trade surplus, easing economic growth worries, Hang Seng fell and Japan’s Nikkei 225 was trading lower as a stronger yen curbed the appetite for exporter stocks. Back home, investors are likely to weigh the bleak current account deficit (CAD) data which showed that India’s current account shortfall widened to USD 10.1 billion or 2.1 per cent of July-September 2014 GDP, the biggest deficit in more than a year as gold imports jumped, raising fresh concerns over the health of Asia’s third biggest economy. Caution ahead of Friday’s IIP and CPI numbers may also weigh on sentiment.
09/12/2014 08:38
The key domestic benchmarks are likely to open lower today tracking a bearish trend in most Asian markets and a negative closing at Wall Street overnight as oil prices tumbled. While China’s Shanghai Composite extended a rally as a rise in exports and fall in imports last month helped the nation post a record trade surplus, easing economic growth worries, Hang Seng fell and Japan’s Nikkei 225 was trading lower as a stronger yen curbed the appetite for exporter stocks. Back home, investors are likely to weigh the bleak current account deficit (CAD) data which showed that India’s current account shortfall widened to USD 10.1 billion or 2.1 per cent of July-September 2014 GDP, the biggest deficit in more than a year as gold imports jumped, raising fresh concerns over the health of Asia’s third biggest economy. Caution ahead of Friday’s IIP and CPI numbers may also weigh on sentiment.
