Pre Session: Markets may open higher amid strong Asian cues
28/08/2018
The Indian benchmark indices are set to open higher on Tuesday amid strong cues from other Asian peers.
The Asian markets have opened on a higher note amid hopes that global tariff tensions were abating as the United States and Mexico made a deal, while Wall Street closed higher in the previous trading session as a trade agreement reached between the United States and Mexico buoyed investor sentiment.
The markets may react to a report that Foreign direct investment in India grew by 23 percent to USD 12.75 billion during the April-June quarter of 2018-19.
On the economy front, NCAER has retained India's growth forecast for the current fiscal at 7.4 percent citing comfortable agricultural sector outlook and a marked improvement in the external sector.
Power sector stocks will be in focus as the Finance Ministry may soon hold talks with the Reserve Bank of India to resolve issues faced by the power sector and also seek some relaxation of the February 12 NPA guidelines.
On the IPO front, auto component maker Craftsman Automation has received capital markets regulator Sebi's go-ahead to launch an initial public offering.
Positive trends in the SGX Nifty Index Futures for August delivery, which were trading at 11,796.50, up by 31.50 points.
28/08/2018
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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The Indian benchmark indices are set to open higher on Tuesday amid strong cues from other Asian peers.
The Asian markets have opened on a higher note amid hopes that global tariff tensions were abating as the United States and Mexico made a deal, while Wall Street closed higher in the previous trading session as a trade agreement reached between the United States and Mexico buoyed investor sentiment.
The markets may react to a report that Foreign direct investment in India grew by 23 percent to USD 12.75 billion during the April-June quarter of 2018-19.
On the economy front, NCAER has retained India's growth forecast for the current fiscal at 7.4 percent citing comfortable agricultural sector outlook and a marked improvement in the external sector.
Power sector stocks will be in focus as the Finance Ministry may soon hold talks with the Reserve Bank of India to resolve issues faced by the power sector and also seek some relaxation of the February 12 NPA guidelines.
On the IPO front, auto component maker Craftsman Automation has received capital markets regulator Sebi's go-ahead to launch an initial public offering.
Positive trends in the SGX Nifty Index Futures for August delivery, which were trading at 11,796.50, up by 31.50 points.
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
