Pre Session: Markets may open higher amid strong Asian cues
30/08/2018
The Indian benchmark indices are set to open higher on Thursday amid strong cues from other Asian peers.
The Asian markets have opened on a higher note as Wall Street hit record highs in the hope that the current North American Free Trade Agreement (NAFTA) negotiations will lead to a further easing of global trade tensions, while Wall Street closed higher in the previous trading session as technology companies pushed indexes higher and promising trade negotiations stoked investor sentiment.
The markets may react to a report that foreign investors have pulled out USD 280 million from the Indian equity markets so far this year, while domestic institutional investors (DIIs) continue to invest more aggressively and have put in a staggering USD 10 billion. Also, India remains a preferred destination for foreign direct investment (FDI) as domestic consumption remains strong.
On the economy front, India likely grew 7.6 percent in the April-June quarter, propelled in part by an improvement in manufacturing and exports.
Positive trends in the SGX Nifty Index Futures for August delivery, which were trading at 11,766, up by 19.50 points.
30/08/2018
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The Indian benchmark indices are set to open higher on Thursday amid strong cues from other Asian peers.
The Asian markets have opened on a higher note as Wall Street hit record highs in the hope that the current North American Free Trade Agreement (NAFTA) negotiations will lead to a further easing of global trade tensions, while Wall Street closed higher in the previous trading session as technology companies pushed indexes higher and promising trade negotiations stoked investor sentiment.
The markets may react to a report that foreign investors have pulled out USD 280 million from the Indian equity markets so far this year, while domestic institutional investors (DIIs) continue to invest more aggressively and have put in a staggering USD 10 billion. Also, India remains a preferred destination for foreign direct investment (FDI) as domestic consumption remains strong.
On the economy front, India likely grew 7.6 percent in the April-June quarter, propelled in part by an improvement in manufacturing and exports.
Positive trends in the SGX Nifty Index Futures for August delivery, which were trading at 11,766, up by 19.50 points.
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
