Pre Session: Markets may open lower amid muted Asian cues
13/11/2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
The Indian benchmark indices are set to open lower on Monday amid muted cues from the Asian peers.
The Asian markets have opened on a lower note as gains in automakers and cosmetics stocks were offset by losses in manufacturing names, while Wall Street closed lower in the previous trading session as investors worried about the future of promised corporate tax cuts following dueling plans unveiled by Republican lawmakers.
On the economy front, the Goods and Services Tax (GST) Council decided to slash rates on more than 175 items, reducing taxes on these from the existing 28 percent in one of the biggest tax reductions since the new system kicked-in from July 1. Also, India’s industrial output slowed to 3.8 percent in September from the month ago when factory output grew at 4.3 percent.
On the corporate front, industry heavyweights like NTPC, Adani Enterprises, Adani Ports, General Insurance Corporation, Idea Cellular, Reliance Nippon Life Asset Management, etc among others will release their quarterly earnings today.
Muted trends in the SGX Nifty Index Futures for November delivery, which were trading at 10,329, down by 13 points.
13/11/2017
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 lower on Monday amid muted cues from the Asian peers.
The Asian markets have opened on a lower note as gains in automakers and cosmetics stocks were offset by losses in manufacturing names, while Wall Street closed lower in the previous trading session as investors worried about the future of promised corporate tax cuts following dueling plans unveiled by Republican lawmakers.
On the economy front, the Goods and Services Tax (GST) Council decided to slash rates on more than 175 items, reducing taxes on these from the existing 28 percent in one of the biggest tax reductions since the new system kicked-in from July 1. Also, India’s industrial output slowed to 3.8 percent in September from the month ago when factory output grew at 4.3 percent.
On the corporate front, industry heavyweights like NTPC, Adani Enterprises, Adani Ports, General Insurance Corporation, Idea Cellular, Reliance Nippon Life Asset Management, etc among others will release their quarterly earnings today.
Muted trends in the SGX Nifty Index Futures for November delivery, which were trading at 10,329, down by 13 points.
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
