Pre Session: Dalal-Street may open higher on firm global cues
17/07/2015
The Indian equities is likely to see gap up opening on Friday tracking firm cues from Asian peers which were trading higher after US Stocks ended higher in overnight trade amid strong earnings reports and easing worries over Greece’s finances. Hopes of another interest rate cut by the RBI and falling oil prices may further inject optimism in the market. In another major development, the Cabinet on Thursday allowed composite foreign investment caps, merging those on foreign direct investment and portfolio investment, a move that will benefit companies in single-brand retail, credit information business and commodity and power exchanges. On the global front, Asian markets were trading higher as China and Japan’s Nikkei 225, tracking a positive lead from Wall Street overnight. China’s Shanghai Composite extended gain for second day on a better-than-expected economic growth which grew 7 per cent on year in the April-June period. In the overnight trade, US stocks ended higher buoyed by the robust corporate earnings report and historic Greek bailout deal approved by the Greece Parliament. Back home, firm trading at Nifty India stock futures in Singapore further indicates a positive opening on the domestic market.
17/07/2015
The Indian equities is likely to see gap up opening on Friday tracking firm cues from Asian peers which were trading higher after US Stocks ended higher in overnight trade amid strong earnings reports and easing worries over Greece’s finances. Hopes of another interest rate cut by the RBI and falling oil prices may further inject optimism in the market. In another major development, the Cabinet on Thursday allowed composite foreign investment caps, merging those on foreign direct investment and portfolio investment, a move that will benefit companies in single-brand retail, credit information business and commodity and power exchanges. On the global front, Asian markets were trading higher as China and Japan’s Nikkei 225, tracking a positive lead from Wall Street overnight. China’s Shanghai Composite extended gain for second day on a better-than-expected economic growth which grew 7 per cent on year in the April-June period. In the overnight trade, US stocks ended higher buoyed by the robust corporate earnings report and historic Greek bailout deal approved by the Greece Parliament. Back home, firm trading at Nifty India stock futures in Singapore further indicates a positive opening on the domestic market.
