Markets remain firm; APSEZ, Tata Motors shares advance
02/09/2016 10:19
NIFTY Fut : SELL ZONE
BANKNIFTY Fut : SELL ZONE
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The key domestic benchmark indices were trading in a positive terrain in the morning trading session as robust domestic and foreign demand boosted manufacturing activity to a 13-month high in August as the Manufacturing PMI rose to 52.6 from 51.8 in July.
The investors may resort to a watchful approach later in the day ahead of the much anticipated US jobs data for August to be released today which may offer further cues over the timing of the US Federal Reserve’s next interest rate hike.
At 10:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28470.46 up by 46.98 points or by 0.17 per cent, while the NSE Nifty was at 8777.85 points, trading higher by 3.2 points or by 0.04 per cent.
On the global front, Asian stocks were trading marginally higher today as risk aversion ruled sentiment ahead of the US jobs data which may determine whether the world’s top central bank moves to tighten interest rates as early as this month. US stocks ended lower in the previous trading session amid caution ahead of Friday’s payrolls numbers while a renewed contraction in US manufacturing clouded the country’s economic outlook.
