Markets open higher in early trade
29/09/2016 09:23
F&O Expiry Day : 29.09.2016
NIFTY Fut : BUY ZONE
BANKNIFTY FUT : BUY ZONE
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The key domestic benchmark indices opened higher in the morning trading session tracking a bullish trend across markets in Asia and a strong finish at Wall Street overnight after the OPEC’s decision to cut output for the first time since 2008 fueled a rally in oil prices, bolstering risk taking appetite.
Volatility may remain high at the local bourses today as traders roll over their positions amid the September futures & options (F&O) contracts expiry.
Also, all eyes will be on the RBI’s monetary policy review on Tuesday with speculation of a 25 basis points cut in key interest rates amid receding consumer inflation.
At 09:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28423.14 up by 130.33 points or by 0.46 per cent, while the NSE Nifty was at 8792.7 points, trading higher by 47.55 points or by 0.54 per cent.
On the global front, Asian stocks were trading higher today as oil prices hit a three-week high after the OPEC agreed to cut production for the first time in eight years. US stocks closed higher in the previous trading session as energy shares climbed the most in eight months as news of the OPEC deal boosted oil prices.
29/09/2016 09:23
F&O Expiry Day : 29.09.2016
NIFTY Fut : BUY ZONE
BANKNIFTY FUT : BUY ZONE
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The key domestic benchmark indices opened higher in the morning trading session tracking a bullish trend across markets in Asia and a strong finish at Wall Street overnight after the OPEC’s decision to cut output for the first time since 2008 fueled a rally in oil prices, bolstering risk taking appetite.
Volatility may remain high at the local bourses today as traders roll over their positions amid the September futures & options (F&O) contracts expiry.
Also, all eyes will be on the RBI’s monetary policy review on Tuesday with speculation of a 25 basis points cut in key interest rates amid receding consumer inflation.
At 09:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28423.14 up by 130.33 points or by 0.46 per cent, while the NSE Nifty was at 8792.7 points, trading higher by 47.55 points or by 0.54 per cent.
On the global front, Asian stocks were trading higher today as oil prices hit a three-week high after the OPEC agreed to cut production for the first time in eight years. US stocks closed higher in the previous trading session as energy shares climbed the most in eight months as news of the OPEC deal boosted oil prices.
