Pre Session: Markets may open lower amid weak Asian cues
17/07/2018
The Indian benchmark indices are set to open lower on Tuesday amid weak cues from other Asian peers.
The Asian markets have opened on a lower note weighed by a sharp decline in crude oil prices as Libyan ports reopened, while Wall Street closed mixed in the previous trading session following a drop in oil prices that weighed on energy shares and offset a jump in financials.
On the economy front, the markets may react to a report that the International Monetary Fund (IMF) projected a growth rate of 7.3 percent in 2018 and 7.5 percent in 2019 for India as against 6.7 percent in 2017, making it the fastest growing country among major economies. Also, according to IMF, Indian economy will grow slower than what it had estimated just three months ago because of higher crude oil prices and speedier interest rate hikes.
On the corporate front, Hindustan Unilever reported a 19.2 percent YoY rise in its standalone net profit to Rs 1,529 crore for the quarter ended June.
On the IPO front, three companies -- IRCON, PN Gadgil & Sons and KPR Agrochem -- have received markets regulator Sebi's go ahead to float initial public offerings.
Muted trends in the SGX Nifty Index Futures for July delivery, which were trading at 10,932.50, down by 15.50 point .
17/07/2018
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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The Indian benchmark indices are set to open lower on Tuesday amid weak cues from other Asian peers.
The Asian markets have opened on a lower note weighed by a sharp decline in crude oil prices as Libyan ports reopened, while Wall Street closed mixed in the previous trading session following a drop in oil prices that weighed on energy shares and offset a jump in financials.
On the economy front, the markets may react to a report that the International Monetary Fund (IMF) projected a growth rate of 7.3 percent in 2018 and 7.5 percent in 2019 for India as against 6.7 percent in 2017, making it the fastest growing country among major economies. Also, according to IMF, Indian economy will grow slower than what it had estimated just three months ago because of higher crude oil prices and speedier interest rate hikes.
On the corporate front, Hindustan Unilever reported a 19.2 percent YoY rise in its standalone net profit to Rs 1,529 crore for the quarter ended June.
On the IPO front, three companies -- IRCON, PN Gadgil & Sons and KPR Agrochem -- have received markets regulator Sebi's go ahead to float initial public offerings.
Muted trends in the SGX Nifty Index Futures for July delivery, which were trading at 10,932.50, down by 15.50 point .
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
