Pre Session: Market seen opening higher on firm global cues
04/11/2015
(www.rupeedesk.in)
The key domestic equity benchmarks may see gap up opening for the second time in eight sessions on Wednesday tracking a firm trend in most fellow Asian equities and a bullish closing at Wall Street overnight amidst stabilization in global manufacturing activity, easing concerns over the health of the world economy. Ashok Leyland, Marico, IDBI Bank and Canara Bank will be in focus today as they report their September quarter earnings. Earnings and Bihar elections are important factors which could dictate short-term momentum on the bourses. Against the backdrop of robust global cues and strength in the CNX Nifty Index futures for November delivery which rallied 57.50 points higher at 8,133 at 10:41 am Singapore time, Dalal Street is set to open on a strong note today. Snapping six day losing streak, the 30-share Sensex on Tuesday rose 31.44 points or by 0.12 per cent to end at 26590.59 as investors were boosted by the good growth in core sector while caution prevailed ahead of the outcome of the Bihar state elections.
Most Asian stocks were trading higher tracking resurgence in US equities on Tuesday as energy companies, one of the most battered parts of the market, saw another wave of investor interest. Stocks in mainland China rose 1.35 per cent, while shares in Hong Kong surged over 3 per cent as investors got a boost from the overnight rally on Wall Street. Japan’s Nikkei 225 index jumped over 2 per cent after being closed for a public holiday in the previous trading session. Wall Street ended higher for a second straight day on Tuesday, with the Dow Jones industrial average advanced 89.39 points, or 0.5 percent, to close at 17,918.15. The Standard & Poor's 500 index rose 5.74 points, or 0.3 percent, to 2,109.79 and the Nasdaq composite ended 17.98 points, or 0.4 percent, higher at 5,145.13.
04/11/2015
(www.rupeedesk.in)
The key domestic equity benchmarks may see gap up opening for the second time in eight sessions on Wednesday tracking a firm trend in most fellow Asian equities and a bullish closing at Wall Street overnight amidst stabilization in global manufacturing activity, easing concerns over the health of the world economy. Ashok Leyland, Marico, IDBI Bank and Canara Bank will be in focus today as they report their September quarter earnings. Earnings and Bihar elections are important factors which could dictate short-term momentum on the bourses. Against the backdrop of robust global cues and strength in the CNX Nifty Index futures for November delivery which rallied 57.50 points higher at 8,133 at 10:41 am Singapore time, Dalal Street is set to open on a strong note today. Snapping six day losing streak, the 30-share Sensex on Tuesday rose 31.44 points or by 0.12 per cent to end at 26590.59 as investors were boosted by the good growth in core sector while caution prevailed ahead of the outcome of the Bihar state elections.
Most Asian stocks were trading higher tracking resurgence in US equities on Tuesday as energy companies, one of the most battered parts of the market, saw another wave of investor interest. Stocks in mainland China rose 1.35 per cent, while shares in Hong Kong surged over 3 per cent as investors got a boost from the overnight rally on Wall Street. Japan’s Nikkei 225 index jumped over 2 per cent after being closed for a public holiday in the previous trading session. Wall Street ended higher for a second straight day on Tuesday, with the Dow Jones industrial average advanced 89.39 points, or 0.5 percent, to close at 17,918.15. The Standard & Poor's 500 index rose 5.74 points, or 0.3 percent, to 2,109.79 and the Nasdaq composite ended 17.98 points, or 0.4 percent, higher at 5,145.13.
