Pre Session: Markets may open higher on strong Asian cues
19/01/2018
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
The Indian benchmark indices are set to open higher on Friday amid strong cues from other Asian peers.
The Asian markets have opened on a higher note despite mixed trend overnight on Wall Street, while Wall Street closed mixed in the previous trading session as losses in industrials and interest-rate sensitive sectors offset marginal gains in tech stocks.
On the economy front, the GST Council took key decisions to revise rates of 29 goods and 53 services and introduce ‘anti-evasion measures’ to take care of faltering indirect tax revenue. Also, markets may react to a report that India's economic growth is set to bounce back to 7.1 percent next fiscal, from the estimated 6.5 percent in 2017-18, aided by a robust consumption demand.
On the IPO front, the initial public offer (IPO) of IT firm Newgen Software Technologies was subscribed 8.22 times so far on the last day of bidding on Thursday. Around 29 companies are likely to report their Q3 results today including HCL Technologies, HDFC Bank, ITC, IDFC Bank, Kotak Mahindra Bank, Reliance Industries and Wipro among others.
Positive trends in the SGX Nifty Index Futures for January delivery, which were trading at 10,824, up by 12.50 points.
19/01/2018
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Free Intraday Tips : Join Our Whatsapp No : 9841986753
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The Indian benchmark indices are set to open higher on Friday amid strong cues from other Asian peers.
The Asian markets have opened on a higher note despite mixed trend overnight on Wall Street, while Wall Street closed mixed in the previous trading session as losses in industrials and interest-rate sensitive sectors offset marginal gains in tech stocks.
On the economy front, the GST Council took key decisions to revise rates of 29 goods and 53 services and introduce ‘anti-evasion measures’ to take care of faltering indirect tax revenue. Also, markets may react to a report that India's economic growth is set to bounce back to 7.1 percent next fiscal, from the estimated 6.5 percent in 2017-18, aided by a robust consumption demand.
On the IPO front, the initial public offer (IPO) of IT firm Newgen Software Technologies was subscribed 8.22 times so far on the last day of bidding on Thursday. Around 29 companies are likely to report their Q3 results today including HCL Technologies, HDFC Bank, ITC, IDFC Bank, Kotak Mahindra Bank, Reliance Industries and Wipro among others.
Positive trends in the SGX Nifty Index Futures for January delivery, which were trading at 10,824, up by 12.50 points.
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
