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INTRADAY AMBUJACEM CALLS : 9.Jun.2015
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Pre Session: Flat opening on cards for markets
09/06/2015
Continuing its losing streak, the Indian equity benchmarks may open flat for a sixth day on a trot on Tuesday in line with mixed Asian peers which were trading marginally lower after US markets ended lower in overnight trade amid persistent worries over Greece and the much anticipated Fed rate hike later this year. Further, the gap down opening of the SGX CNX Nifty Index futures for June delivery indicates a bearish opening for domestic bourses. Investor will keep an eye on slew of macroeconomic data such as IIP and inflation data due this week. Going forward, the global crude oil price trend and progress of monsoon will also set the tone this week for the domestic markets. On the global front, Asian peers were trading on mix note as investors reacted negatively to better-than-expected US employment data which boosted the case for the Federal Reserve to raise interest rates this year. Japan's Nikkei 225 index, Hong Kong's Hang Seng index and China's Shanghai index were trading 0.7 per cent, 0.75 per cent and 0.2 per cent lower, respectively.
On Monday, the Indian benchmarks closed on a negative note weighed down by financials and select index heavyweights. Further, investors also remained cautious ahead of CAD data due later today while the ongoing Greek debt crises and decline in the Rupee also weighed on sentiment. All sectoral indices on the BSE ended lower with BSE Consumer Durables and Oil & Gas indices leading the decline, down over 1.5 per cent each.
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| www.rupeedesk.in |
09/06/2015
Continuing its losing streak, the Indian equity benchmarks may open flat for a sixth day on a trot on Tuesday in line with mixed Asian peers which were trading marginally lower after US markets ended lower in overnight trade amid persistent worries over Greece and the much anticipated Fed rate hike later this year. Further, the gap down opening of the SGX CNX Nifty Index futures for June delivery indicates a bearish opening for domestic bourses. Investor will keep an eye on slew of macroeconomic data such as IIP and inflation data due this week. Going forward, the global crude oil price trend and progress of monsoon will also set the tone this week for the domestic markets. On the global front, Asian peers were trading on mix note as investors reacted negatively to better-than-expected US employment data which boosted the case for the Federal Reserve to raise interest rates this year. Japan's Nikkei 225 index, Hong Kong's Hang Seng index and China's Shanghai index were trading 0.7 per cent, 0.75 per cent and 0.2 per cent lower, respectively.
On Monday, the Indian benchmarks closed on a negative note weighed down by financials and select index heavyweights. Further, investors also remained cautious ahead of CAD data due later today while the ongoing Greek debt crises and decline in the Rupee also weighed on sentiment. All sectoral indices on the BSE ended lower with BSE Consumer Durables and Oil & Gas indices leading the decline, down over 1.5 per cent each.
