Pre Session: Markets may open higher amid mixed Asian cues
29/09/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
The Indian benchmark indices are set to open higher on Friday amid mixed cues from the Asian peers.
The Asian markets have opened on a mixed note after the greenback gave back some gains overnight as markets digested prospects for US tax reform, while Wall Street closed higher in the previous trading session after the release of the GOP's highly anticipated tax reform plan.
On the economy front, the Finance Ministry has asked Central Public Sector Undertakings (CPSEs) to spend an additional Rs 25,000 crore towards its capital expenditure (capex) programme, in a bid to boost investment in the economy.
Also, the RBI has said that the total investment limit for foreign portfolio investors (FPI) in government securities for the October to December quarter has been increased by Rs 14,200 crore to Rs 2,89,300 crore.
On the corporate front, State Bank of India shares will be in focus as it cut base rate by 5 basis points (bps) to 8.95 percent. Also, telecom stocks will be in focus after a report said that operators in the country are expected to invest USD 20 billion (around 1.3 lakh crore) in the next two years on expansion of network and operations.
Positive trends in the SGX Nifty Index Futures for September delivery, which were trading at 9,809.50, up by 14.50 points.
29/09/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Free Intraday Tips : Join Our Whatsapp No : 9841986753
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The Indian benchmark indices are set to open higher on Friday amid mixed cues from the Asian peers.
The Asian markets have opened on a mixed note after the greenback gave back some gains overnight as markets digested prospects for US tax reform, while Wall Street closed higher in the previous trading session after the release of the GOP's highly anticipated tax reform plan.
On the economy front, the Finance Ministry has asked Central Public Sector Undertakings (CPSEs) to spend an additional Rs 25,000 crore towards its capital expenditure (capex) programme, in a bid to boost investment in the economy.
Also, the RBI has said that the total investment limit for foreign portfolio investors (FPI) in government securities for the October to December quarter has been increased by Rs 14,200 crore to Rs 2,89,300 crore.
On the corporate front, State Bank of India shares will be in focus as it cut base rate by 5 basis points (bps) to 8.95 percent. Also, telecom stocks will be in focus after a report said that operators in the country are expected to invest USD 20 billion (around 1.3 lakh crore) in the next two years on expansion of network and operations.
Positive trends in the SGX Nifty Index Futures for September delivery, which were trading at 9,809.50, up by 14.50 points.
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Free Commodity Tips : Join our Whatsapp No : 9094047040
