Pre Session: Sensex, Nifty seen opening higher; IndusInd Bank, Bharat Financial in focus 16/10/2017

Pre Session: Sensex, Nifty seen opening higher; IndusInd Bank, Bharat Financial in focus
16/10/2017
NIFTY FUT  TREND            : BUY ZONE
BANKNIFTY FUT TREND  : BUY ZONE

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Indian benchmark indices are likely to start holiday-shortened week on positive note on Monday, tracking firm cues from Nifty futures on the Singapore Stock Exchange and bullish trend across global peers. Markets across Asia were trading higher as investors digested the China inflation data which rose 1.6 percent in September from a year ago, while Japanese markets extended rally ahead of lower house election scheduled at the end of the week. On Friday, Wall Street ended higher as investors cheered better-than-expected earnings report, while they also digested softer-than-expected inflation and retail sales data. Back home, bullish trend in the SGX Nifty Index Futures for October delivery, which were trading at 10,250.50, up by 39.50 points.

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