The BSE’s 30-share bellwether index- Sensex is expected to open higher following positive cues across all the global markets on weaker US dollar. Decline in dollar has raised expectations that the Federal Reserve will not announce interest rate hike in near future.
In the overnight trading, US markets ended higher, following which Asian markets rallied on Monday led by Japan’s Nikkei 225, which was trading at 19,796, up by 209 points. Similarly, Hong Kong’s Hang Seng was trading at 24,482, up by over 100 points; China’s Shanghai Composite was at 3,662, up by nearly 45 points; and Singapore’s Straits Times was at 3,423, up by 11 points. Back home, the BSE SENSEX closed at 28261.08, down by 208.59 points or by 0.73 per cent and the NSE’s wide-based Nifty closed at 8570.9, down by 63.75 points or by 0.74 per cent on Friday.
In the overnight trading, US markets ended higher, following which Asian markets rallied on Monday led by Japan’s Nikkei 225, which was trading at 19,796, up by 209 points. Similarly, Hong Kong’s Hang Seng was trading at 24,482, up by over 100 points; China’s Shanghai Composite was at 3,662, up by nearly 45 points; and Singapore’s Straits Times was at 3,423, up by 11 points. Back home, the BSE SENSEX closed at 28261.08, down by 208.59 points or by 0.73 per cent and the NSE’s wide-based Nifty closed at 8570.9, down by 63.75 points or by 0.74 per cent on Friday.
