Pre Session: Markets may see gap up opening on optimism over Greece deal
23/06/2015
Continuing gaining momentum for the eighth consecutive session, theIndian equity benchmarks may open higher on Tuesday tracking firm cues from Asian peers who were trading higher on optimism over Greece’s debt crisis. Among the Asian stocks, Japan’s Nikkei 225 rallied 1.62 per cent on hopes of ease in monetary policy followed by Hang Seng gaining as much as 0.16 per cent. Meanwhile, China’s Shanghai Composite, which resumed trade following a three-day weekend, continued steep slide despite factory gauge came in ahead of estimates. Back home, a positive opening of the SGX CNX Nifty Index futures indicates a bullish opening for domestic bourses. According to analysts opinion, in lack of any major development on the domestic or global front, the progress of monsoon will continue to dictate short-term market sentiments.
Extending rally for the seventh straight session, the Indian equities ended higher on Monday as investors sentiment were bolstered by the progress of the monsoon which raised optimism over another round of rate cut by the Reserve Bank of India. The positivity in the market was further injected by media reported that debt-ridden Greece proposed to avert defaulting on its debt to appease its creditors. Back home, financial stocks witnessed surge in buying momentum on hopes of further monetary easing by the RBI as monsoon showed dramatic progress. The BSE SENSEX closed at 27730.21, up by 414.04 points or by 1.52 per cent and then NSE Nifty closed at 8353.1, up by 128.15 points or by 1.56 per cent.
23/06/2015
GET LIVE FREE STOCK AND NIFTY TIPS: 23.Jun.2015
Extending rally for the seventh straight session, the Indian equities ended higher on Monday as investors sentiment were bolstered by the progress of the monsoon which raised optimism over another round of rate cut by the Reserve Bank of India. The positivity in the market was further injected by media reported that debt-ridden Greece proposed to avert defaulting on its debt to appease its creditors. Back home, financial stocks witnessed surge in buying momentum on hopes of further monetary easing by the RBI as monsoon showed dramatic progress. The BSE SENSEX closed at 27730.21, up by 414.04 points or by 1.52 per cent and then NSE Nifty closed at 8353.1, up by 128.15 points or by 1.56 per cent.
