Pre Session: Sensex seen opening higher on firm global cues
17/06/2016
Indian benchmark indices are likely to a see a gap up opening on Friday tracking firm cues from Asian peers amid rising optimism that the UK may not vote to leave the European Union, boosting the appetite for risker assets. Gains in the CNX Nifty Index Futures for June delivery which rose by 51.5 points to 8,205.50 at 10:34 AM Singapore time also signal that Dalal Street may open higher today.
On Thursday, the Indian benchmark indices ended lower as worried investors turned cautious and pulled out of risky assets and shifted focus to safe heaven assets after the Federal Reserve Chair Janet Yellen refrained from hiking interest rates citing concerns over UK’s upcoming referendum on exiting the European Union. The BSE SENSEX closed at 26525.46, down by 200.88 points, or by 0.75 per cent, and the NSE Nifty ended at 8140.75, down by 65.85 points, or by 0.8 per cent.
On the global front, the Asian markets rebounded strongly on Friday with Japan’s Nikkei 225 rallied over 1.5 per cent as the Yen snapped rally against US dollar while speculation that the UK may not vote to leave the European Union further boosted market sentiments. China’s Shanghai Composite and Hong Kong’s Hang Sang gained 0.8 per cent each. In the overnight trade, Wall Street ended higher, snapping five-day streak of losses, amid rising optimism that the UK may not vote in favour of leaving the EU
17/06/2016
Indian benchmark indices are likely to a see a gap up opening on Friday tracking firm cues from Asian peers amid rising optimism that the UK may not vote to leave the European Union, boosting the appetite for risker assets. Gains in the CNX Nifty Index Futures for June delivery which rose by 51.5 points to 8,205.50 at 10:34 AM Singapore time also signal that Dalal Street may open higher today.
On Thursday, the Indian benchmark indices ended lower as worried investors turned cautious and pulled out of risky assets and shifted focus to safe heaven assets after the Federal Reserve Chair Janet Yellen refrained from hiking interest rates citing concerns over UK’s upcoming referendum on exiting the European Union. The BSE SENSEX closed at 26525.46, down by 200.88 points, or by 0.75 per cent, and the NSE Nifty ended at 8140.75, down by 65.85 points, or by 0.8 per cent.
On the global front, the Asian markets rebounded strongly on Friday with Japan’s Nikkei 225 rallied over 1.5 per cent as the Yen snapped rally against US dollar while speculation that the UK may not vote to leave the European Union further boosted market sentiments. China’s Shanghai Composite and Hong Kong’s Hang Sang gained 0.8 per cent each. In the overnight trade, Wall Street ended higher, snapping five-day streak of losses, amid rising optimism that the UK may not vote in favour of leaving the EU
