Pre Session: Markets may open flat amid mixed Asian cues
28/09/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
The Indian benchmark indices are set to open flat on Thursday amid mixed cues from the Asian peers.
The Asian markets have opened on a mixed note after US equities advanced and the greenback rose following the unveiling of a long-awaited tax reform plan stateside, while Wall Street closed higher in the previous trading session after the release of the GOP's tax plan framework and as investors eyed higher interest rates.
The markets are expected to react to the Fed Chair Janet Yellen statement that the Federal Reserve needs to continue gradual rate hikes despite broad uncertainty about the path of inflation.
On the economy front, the markets may react to a report that India is expected to be a USD 6 trillion economy - the third largest in the world - in the next 10 years, majorly helped by digitisation. Also, Niti Aayog vice chairman Rajiv Kumar said the economic downturn which began in the last two years of UPA II regime has bottomed out and the growth will improve in the next two quarters.
On the corporate front, Air India shares may witness some movement after it has tied up with public sector lender Punjab National Bank and private lender IndusInd to secure loans to the tune of over Rs3,000 crore for meeting working capital requirements.
The Markets are expected to remain volatile today ahead of the expiry of September derivative contracts due today.
Muted trends in the SGX Nifty Index Futures for September delivery, which were trading at 9,730, down by 6.50 points.
28/09/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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The Indian benchmark indices are set to open flat on Thursday amid mixed cues from the Asian peers.
The Asian markets have opened on a mixed note after US equities advanced and the greenback rose following the unveiling of a long-awaited tax reform plan stateside, while Wall Street closed higher in the previous trading session after the release of the GOP's tax plan framework and as investors eyed higher interest rates.
The markets are expected to react to the Fed Chair Janet Yellen statement that the Federal Reserve needs to continue gradual rate hikes despite broad uncertainty about the path of inflation.
On the economy front, the markets may react to a report that India is expected to be a USD 6 trillion economy - the third largest in the world - in the next 10 years, majorly helped by digitisation. Also, Niti Aayog vice chairman Rajiv Kumar said the economic downturn which began in the last two years of UPA II regime has bottomed out and the growth will improve in the next two quarters.
On the corporate front, Air India shares may witness some movement after it has tied up with public sector lender Punjab National Bank and private lender IndusInd to secure loans to the tune of over Rs3,000 crore for meeting working capital requirements.
The Markets are expected to remain volatile today ahead of the expiry of September derivative contracts due today.
Muted trends in the SGX Nifty Index Futures for September delivery, which were trading at 9,730, down by 6.50 points.
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Free Commodity Tips : Join our Whatsapp No : 9094047040
