Pre Session: Markets may open higher on positive global cues
29/03/2017 08:10
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
The Indian benchmarks are set to open higher on Wednesday amid positive global cues from its Asian peers.
The Asian markets have opened mostly higher as investors shook off disappointment about US President Donald Trump's failed healthcare bill and focussed on an improving outlook for global growth, while Wall Street closed higher on Tuesday with financial and energy shares surging as data showed US consumer confidence soaring to a more than 16-year high.
Positive trend in the SGX Nifty Index Futures for March delivery, which were trading at 9140, up by 26.50 points or 0.29 per cent, at 10:34 AM Singapore time, signalled a higher opening for the domestic bourses.
On Tuesday, the Indian equity benchmarks rebounded strongly on sustained foreign inflows, following rally in Asian markets as investors shrugged-off President Trump’s failure to push through his healthcare reform. The market witnessed some bargain hunting which pushed bank and auto stocks higher, while realty and oil&gas stocks emerged as top laggards on the BSE. Axis Bank soared over 3 per cent after the private sector lender said that it has raised senior notes aggregating to USD 10 million under the medium term note (MTN) programme through its Dubai International Financial Centre (DIFC) branch. The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 29409.52, up by 172.37 points or by 0.59 per cent, and the NSE Nifty ended at 9100.8, up by 55.6 points or by 0.61 per cent.
On the corporate front, Hindustan Zinc will be in focus as it turns ex-dividend on Wednesday. The company is paying Rs 27.50 a share as second interim dividend for fiscal 2016-17. Mahindra Lifespace Developers will also be in focus as it turns ex-rights on Thursday. It has fixed the price at Rs 292 a share for its Rs 300-crore rights issue.
29/03/2017 08:10
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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The Indian benchmarks are set to open higher on Wednesday amid positive global cues from its Asian peers.
The Asian markets have opened mostly higher as investors shook off disappointment about US President Donald Trump's failed healthcare bill and focussed on an improving outlook for global growth, while Wall Street closed higher on Tuesday with financial and energy shares surging as data showed US consumer confidence soaring to a more than 16-year high.
Positive trend in the SGX Nifty Index Futures for March delivery, which were trading at 9140, up by 26.50 points or 0.29 per cent, at 10:34 AM Singapore time, signalled a higher opening for the domestic bourses.
On Tuesday, the Indian equity benchmarks rebounded strongly on sustained foreign inflows, following rally in Asian markets as investors shrugged-off President Trump’s failure to push through his healthcare reform. The market witnessed some bargain hunting which pushed bank and auto stocks higher, while realty and oil&gas stocks emerged as top laggards on the BSE. Axis Bank soared over 3 per cent after the private sector lender said that it has raised senior notes aggregating to USD 10 million under the medium term note (MTN) programme through its Dubai International Financial Centre (DIFC) branch. The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 29409.52, up by 172.37 points or by 0.59 per cent, and the NSE Nifty ended at 9100.8, up by 55.6 points or by 0.61 per cent.
On the corporate front, Hindustan Zinc will be in focus as it turns ex-dividend on Wednesday. The company is paying Rs 27.50 a share as second interim dividend for fiscal 2016-17. Mahindra Lifespace Developers will also be in focus as it turns ex-rights on Thursday. It has fixed the price at Rs 292 a share for its Rs 300-crore rights issue.
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