Pre-Session: Dalal-Street may see flat opening
24/06/2015
The Indian equity benchmarks may see flat to higher opening on Wednesday tracking firm cues from global peers as ease in Greece concerns lifted market sentiments. On the global front, Asian stocks continued their gaining streak for the fifth straight session, led by Japan’s Nikkei 225 which was heading towards its highest close in more than 18 years. Meanwhile, China’s Shanghai Composite rebounded strongly and added 1.65 per cent, followed by the Nikkei 225 0.6 percent and Hang Seng 0.17 per cent. In overnight trade, US equities ended higher with the Nasdaq setting another record close on on optimism over Greece’s debt crisis. Greece needs fresh funds to avoid defaulting on a USD 1.8 billion debt repayment to the International Monetary Fund on June 30. Back home, a positive opening of the SGX CNX Nifty Index futures indicates a bullish opening for domestic bourses. However, the market may see some profit booking as domestic bourses gained for the eighth consecutive session on Tuesday, its longest winning streak in nearly five months.
Amidst choppy trade, the Indian benchmarks ended higher on Tuesday for the eight straight sessions on a trot led by buying demand among capital goods and metal shares. However, the upside was capped by profit booking in the information technology shares. Banking shares were rallying on the back on the announcement by Finance Minister Arun Jaitley that the government would infuse capital in public sector banks in the next three to six months.
24/06/2015
The Indian equity benchmarks may see flat to higher opening on Wednesday tracking firm cues from global peers as ease in Greece concerns lifted market sentiments. On the global front, Asian stocks continued their gaining streak for the fifth straight session, led by Japan’s Nikkei 225 which was heading towards its highest close in more than 18 years. Meanwhile, China’s Shanghai Composite rebounded strongly and added 1.65 per cent, followed by the Nikkei 225 0.6 percent and Hang Seng 0.17 per cent. In overnight trade, US equities ended higher with the Nasdaq setting another record close on on optimism over Greece’s debt crisis. Greece needs fresh funds to avoid defaulting on a USD 1.8 billion debt repayment to the International Monetary Fund on June 30. Back home, a positive opening of the SGX CNX Nifty Index futures indicates a bullish opening for domestic bourses. However, the market may see some profit booking as domestic bourses gained for the eighth consecutive session on Tuesday, its longest winning streak in nearly five months.
Amidst choppy trade, the Indian benchmarks ended higher on Tuesday for the eight straight sessions on a trot led by buying demand among capital goods and metal shares. However, the upside was capped by profit booking in the information technology shares. Banking shares were rallying on the back on the announcement by Finance Minister Arun Jaitley that the government would infuse capital in public sector banks in the next three to six months.
