Pre Session- Gap down opening on the cards for D-Street on weak global cues
27/10/2015
The key Indian equity benchmarks are poised to open lower today tracking a sell-off in stocks across Asia and a mostly bearish finish at Wall Street overnight as investors resort to a cautious approach ahead of the policy meetings of the US Federal Reserve and the Bank of Japan later in the week. All eyes will be on the Q2 earnings report cards of Maruti Suzuki India, Axis Bank, Lupin and Vedanta, set to be unveiled today. Volatility may remain high at domestic bourses as traders roll over their positions ahead of the October futures and options (F&O) contracts expiry on Thursday. Against the backdrop of weak cues from Asian markets and a subdued finish at Wall Street overnight, coupled with weakness in the CNX Nifty Index futures for October delivery which fell by 0.35 per cent or 28.5 points at 8,240 at 10:37 am Singapore time, Dalal Street is set to open on a bearish note today. The 30-share Sensex dropped from a two-month high on Monday, shedding 108.85 points or 0.4 per cent to end at 27,361.96 amidst profit booking by traders following a fourth straight weekly.
Asian markets slid as traders were cautious ahead of the US Federal Reserve’s two-day monetary policy meet that begins today even though most analysts don’t expect the world’s top central bank to hike interest rates just yet amidst below par inflation and threats to US economic outlook from a struggling global economy. China’s Shanghai Composite fell amid worries that the country’s slowing economy may hit profit growth of companies. Hang Seng was trading lower while Japan’s Nikkei 225 declined as traders looked ahead to the Bank of Japan meeting this week. Most indices at Wall Street retreated on Monday as technology and energy shares witnessed a sell-off as traders booked profits after recent gains ahead of the start of the two-day meeting of the Fed, while a plunge in new home sales to a ten-month low in September also signaled concerns over the health of the world’s biggest economy, souring the appetite for equities.
27/10/2015
The key Indian equity benchmarks are poised to open lower today tracking a sell-off in stocks across Asia and a mostly bearish finish at Wall Street overnight as investors resort to a cautious approach ahead of the policy meetings of the US Federal Reserve and the Bank of Japan later in the week. All eyes will be on the Q2 earnings report cards of Maruti Suzuki India, Axis Bank, Lupin and Vedanta, set to be unveiled today. Volatility may remain high at domestic bourses as traders roll over their positions ahead of the October futures and options (F&O) contracts expiry on Thursday. Against the backdrop of weak cues from Asian markets and a subdued finish at Wall Street overnight, coupled with weakness in the CNX Nifty Index futures for October delivery which fell by 0.35 per cent or 28.5 points at 8,240 at 10:37 am Singapore time, Dalal Street is set to open on a bearish note today. The 30-share Sensex dropped from a two-month high on Monday, shedding 108.85 points or 0.4 per cent to end at 27,361.96 amidst profit booking by traders following a fourth straight weekly.
Asian markets slid as traders were cautious ahead of the US Federal Reserve’s two-day monetary policy meet that begins today even though most analysts don’t expect the world’s top central bank to hike interest rates just yet amidst below par inflation and threats to US economic outlook from a struggling global economy. China’s Shanghai Composite fell amid worries that the country’s slowing economy may hit profit growth of companies. Hang Seng was trading lower while Japan’s Nikkei 225 declined as traders looked ahead to the Bank of Japan meeting this week. Most indices at Wall Street retreated on Monday as technology and energy shares witnessed a sell-off as traders booked profits after recent gains ahead of the start of the two-day meeting of the Fed, while a plunge in new home sales to a ten-month low in September also signaled concerns over the health of the world’s biggest economy, souring the appetite for equities.
