Pre Session- Sensex tipped to open higher on Asian cues: 19.09.2014

The key domestic benchmarks are likely to witness a positive opening today tracking a mostly bullish trend in fellow Asian peers as a dip in the number of Americans filling for jobless claims signaled a pickup in the labour market of the world’s biggest economy. US jobless claims fell by 36,000 to 280,000 last week, the Labour Department said. China’s Shanghai Composite fell while Hang Seng rose but Japan’s Nikkei 225 surged as a weaker yen boosted the appeal of exporter stocks. Back home, foreign fund inflows may continue at a robust pace amid speculation that strong Indo-China trade ties may boost growth in Asia’s third biggest economy. China has agreed to invest US 20 billion in India over five years while Chinese President Xi Jinping assured his Indian counterpart Narendra Modi that China will allow greater market access to Indian companies. The stock of Tata Motors may be in focus today after Moody’s raised the corporate family rating to Ba2/stable from Ba3/stable. 

Pre Session- Sensex tipped to open higher on Asian cues: 17.09.2014

The key domestic benchmarks are likely to open higher today tracking a firm trend in fellow Asian markets ahead of the US Federal Reserve policy decision today in which it may offer cues over the timing to raise interest rates. The timing to tighten monetary policy is dependent on the progress made towards the Fed’s twin goals of full employment and stable inflation. China’s Shanghai Composite was trading higher while Hang Seng surged after reports said that China’s central bank is boosting stimulus to stem a deepening slowdown in Asia’s third biggest economy. Japan’s Nikkei 225 was trading higher ahead of the FOMC decision. Back home, the sharp losses in the Sensex in the previous two sessions may offer investors, a good bargain buying opportunity, in equities at existing levels, supporting Dalal Street. 

Pre Session- Sensex tipped to open higher on Asian cues: 19.08.2014

The key domestic benchmarks are poised to open on a positive note tracking a firm trend across Asian peers as a rise in US homebuilder sentiment to the highest level in seven months signaled a pickup in the world’s biggest economy, boosting the appetite for risky assets. The gauge measuring US homebuilder sentiment climbed to 55 in August from 53 in the previous month. Further, geopolitical concerns eased as Israel and Palestinian militants agreed to extend their five-day truce by one more day while the US helped Kurdish and government forces to retake Iraq’s largest dam from Islamic rebels. In Ukraine, the Red Cross was closely working out details of allowing a safe-passage plan for a Russian aid convoy bound for war-torn eastern Ukraine. China’s Shanghai Composite was trading with slim gains, while Hang Seng rose amid hopes that China may accelerate reforms to fasten growth while Japan’s Nikkei 225 continued to extend gains.