Pre Session: Markets may open flat amid weak Asian cues
12/09/2018
The Indian benchmark indices are set to open flat on Wednesday amid weak cues from other Asian peers.
The Asian markets have opened on a lower note on worries about further escalation of the US-China trade war and unstable emerging market currencies, while Wall Street closed mixed in the previous trading session as Apple led a jump in technology shares and a gain of more than 2 percent in oil prices drove up energy shares.
The markets may react to a report that the continuing plunge in the rupee, coupled with the rising crude prices, will give the states a windfall in tax revenues to the tune of Rs 22,700 crore over and above the budget estimates for the current fiscal.
On the economy front, the Reserve Bank of India (RBI) continued to be a net seller of the US dollar for the fourth consecutive month in July, after it sold USD 1.874 billion of greenback in the spot market.
Muted trends in the SGX Nifty Index Futures for September delivery, which were trading at 11,327, up by 5.50 points.
12/09/2018
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BANKNIFTY FUT TREND : SELL ZONE
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The Indian benchmark indices are set to open flat on Wednesday amid weak cues from other Asian peers.
The Asian markets have opened on a lower note on worries about further escalation of the US-China trade war and unstable emerging market currencies, while Wall Street closed mixed in the previous trading session as Apple led a jump in technology shares and a gain of more than 2 percent in oil prices drove up energy shares.
The markets may react to a report that the continuing plunge in the rupee, coupled with the rising crude prices, will give the states a windfall in tax revenues to the tune of Rs 22,700 crore over and above the budget estimates for the current fiscal.
On the economy front, the Reserve Bank of India (RBI) continued to be a net seller of the US dollar for the fourth consecutive month in July, after it sold USD 1.874 billion of greenback in the spot market.
Muted trends in the SGX Nifty Index Futures for September delivery, which were trading at 11,327, up by 5.50 points.
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
