Pre Session: Markets may open lower amid weak Asian cues
31/08/2018
The Indian benchmark indices are set to open lower on Friday amid weak cues from other Asian peers.
The Asian markets have opened on a lower note after reports that US President Donald Trump was preparing to step up a trade war with Beijing and ready to impose more tariffs on Chinese imports, while Wall Street closed lower in the previous trading session as trade anxieties resurfaced and investors sold risk ahead of the long Labor Day holiday weekend.
The markets may react to a report that India’s economy likely sustained strong growth momentum for a second straight quarter in April-June, but the depreciating rupee and monetary tightening pose risks for coming periods On the economy front, India is likely to surpass the UK to become the world's fifth largest economy next year on growing consumption and strong economic activity according to the FM. Also, buying a car or two-wheeler is set to become expensive from Saturday as long-term third party insurance policy has been made mandatory by the Irdai following a Supreme Court order.
Muted trends in the SGX Nifty Index Futures for September delivery, which were trading at 11,724, down by 12 points.
31/08/2018
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The Indian benchmark indices are set to open lower on Friday amid weak cues from other Asian peers.
The Asian markets have opened on a lower note after reports that US President Donald Trump was preparing to step up a trade war with Beijing and ready to impose more tariffs on Chinese imports, while Wall Street closed lower in the previous trading session as trade anxieties resurfaced and investors sold risk ahead of the long Labor Day holiday weekend.
The markets may react to a report that India’s economy likely sustained strong growth momentum for a second straight quarter in April-June, but the depreciating rupee and monetary tightening pose risks for coming periods On the economy front, India is likely to surpass the UK to become the world's fifth largest economy next year on growing consumption and strong economic activity according to the FM. Also, buying a car or two-wheeler is set to become expensive from Saturday as long-term third party insurance policy has been made mandatory by the Irdai following a Supreme Court order.
Muted trends in the SGX Nifty Index Futures for September delivery, which were trading at 11,724, down by 12 points.
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
