Pre Session: Markets may open flat amid strong Asian cues 17/04/2018

Pre Session: Markets may open flat amid strong Asian cues
17/04/2018
NIFTY FUT  TREND            : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE

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The Indian benchmark indices are set to open marginally higher on Tuesday amid strong cues from other Asian peers.

The Asian markets have opened on a higher note tracking Wall Street gains as the focus shifted to corporate earnings and looming economic data from China, while Wall Street closed higher in the previous trading session as investors were optimistic about earnings season and appeared less worried about US-led missile attacks in Syria.

On the economy front, the markets may react to a report that the World Bank has forecasted a growth rate of 7.3 percent for India this year and 7.5 percent for 2019 and 2020. Also, according to the Indian Meteorological Department forecast the country will receive normal monsoon rainfall this year raising hopes for higher farm output and a boost to the rains-dependent rural economy.

Around nine companies are likely to report their March quarter numbers today including 5paisa Capital, CRISIL, Gujarat Hotels, International Travel House, Muthoot Capital Services, Onelife Capital Advisors, Orchid Pharma, Schaeffler India and Tata Sponge Iron.

Muted trends in the SGX Nifty Index Futures for April delivery, which were trading at 10,548, up by 1 point.
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