Pre Session: Markets may open higher amid strong Asian cues
03/09/2018
The Indian benchmark indices are set to open higher on Monday amid strong cues from other Asian peers.
The Asian markets have opened on a lower note on worries about further escalation of the US-China trade war and unstable emerging market currencies, while Wall Street closed mixed in the previous trading session as Canada and the United States concluded trade talks without resolution ahead of the Labor Day weekend.
The markets may react to a report that India's economy grew at a 2-year high of 8.2 percent in the April-June quarter.
On the economy front, the Finance Ministry expressed the hope that economy may expand at 7.5 percent in the current fiscal. Also, the country's foreign exchange reserves rose by USD 445.4 million to USD 401.293 billion in the week to August 24 on the back of increase in currency assets.
Also, foreign investors have infused over Rs 5,100 crore into the country’s capital market in August on improvement on the macro front, better corporate earnings and correction in the mid and small-cap space.
Positive trends in the SGX Nifty Index Futures for September delivery, which were trading at 11,751, up by 22 points.
03/09/2018
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The Indian benchmark indices are set to open higher on Monday amid strong cues from other Asian peers.
The Asian markets have opened on a lower note on worries about further escalation of the US-China trade war and unstable emerging market currencies, while Wall Street closed mixed in the previous trading session as Canada and the United States concluded trade talks without resolution ahead of the Labor Day weekend.
The markets may react to a report that India's economy grew at a 2-year high of 8.2 percent in the April-June quarter.
On the economy front, the Finance Ministry expressed the hope that economy may expand at 7.5 percent in the current fiscal. Also, the country's foreign exchange reserves rose by USD 445.4 million to USD 401.293 billion in the week to August 24 on the back of increase in currency assets.
Also, foreign investors have infused over Rs 5,100 crore into the country’s capital market in August on improvement on the macro front, better corporate earnings and correction in the mid and small-cap space.
Positive trends in the SGX Nifty Index Futures for September delivery, which were trading at 11,751, up by 22 points.
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
