Markets remain firm; Maruti Suzuki, NTPC shares advance
24/08/2016 10:24
NIFTY Fut TREND : BUY ZONE
BANKNIFTY Fut : BUY ZONE
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The key domestic benchmark indices were trading higher in the morning trading session tracking a mostly mixed trend across markets in Asia and a strong finish at Wall Street overnight.
The investors across the globe awaited Fed Chair Janet Yellen’s speech on Friday at Jackson Hole, in which she might offer some cues over the timing of the next US interest rate hike.
Traders will be getting some encouragement with rating agency Ind-Ra revising India's economic growth forecast to 7.8 percent for the ongoing fiscal on better monsoon.
Volatility may remain high at the local bourses as traders roll over their positions due to the August Futures & Options (F&O) contract expiry this Thursday.
At 10:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28020 up by 29.79 points or by 0.11 per cent, while the NSE Nifty was at 8642.8 points, trading higher by 10.2 points or by 0.12 per cent.
On the global front, Asian stocks were trading mixed today as traders remained in a wait-and-see mode ahead of Federal Reserve Chairwoman Janet Yellen's speech later this week. US stocks ended higher in the previous trading session as upbeat home sales data signaled a robust recovery in the US economy while a rebound in oil prices also bolstered sentiment.
24/08/2016 10:24
NIFTY Fut TREND : BUY ZONE
BANKNIFTY Fut : BUY ZONE
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The investors across the globe awaited Fed Chair Janet Yellen’s speech on Friday at Jackson Hole, in which she might offer some cues over the timing of the next US interest rate hike.
Traders will be getting some encouragement with rating agency Ind-Ra revising India's economic growth forecast to 7.8 percent for the ongoing fiscal on better monsoon.
Volatility may remain high at the local bourses as traders roll over their positions due to the August Futures & Options (F&O) contract expiry this Thursday.
At 10:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28020 up by 29.79 points or by 0.11 per cent, while the NSE Nifty was at 8642.8 points, trading higher by 10.2 points or by 0.12 per cent.
On the global front, Asian stocks were trading mixed today as traders remained in a wait-and-see mode ahead of Federal Reserve Chairwoman Janet Yellen's speech later this week. US stocks ended higher in the previous trading session as upbeat home sales data signaled a robust recovery in the US economy while a rebound in oil prices also bolstered sentiment.
