Pre Session: Sensex, Nifty seen opening higher; all eyes on Budget 01/02/2018

Pre Session: Sensex, Nifty seen opening higher; all eyes on Budget
01/02/2018
NIFTY FUT  TREND            : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE

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Indian benchmark indices are likely to open higher on Thursday, tracking bullish cues from Nifty futures on the Singapore Stock Exchange and firm trend across global markets, as investor eyed a good Budget which balanced between fiscal discipline and growth reforms. Overseas, markets across Asia were trading higher after Wall Street ended in green in overnight trade after US Federal Reserve Chair Janet Yellen left interest rate unchanged, but indicated for hike in March under her successor Jerome Powell, Bloomberg reported. Back home, bullish trend in the SGX Nifty Index Futures for February delivery, which were trading at 11,078.00, up by 19.00 points.

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