Pre Session: Markets may open higher amid strong Asian cues 08/09/2017

Pre Session: Markets may open higher amid strong Asian cues
08/09/2017
NIFTY FUT  TREND            : BUY ZONE
BANKNIFTY FUT TREND  : BUY ZONE

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The Indian benchmark indices are set to open higher on Friday amid strong cues from the Asian peers.

The Asian markets have opened on a positive note keeping a wary eye on another US storm, while the dollar skidded after European Central Bank chief Mario Draghi suggested the bank may begin tapering its massive stimulus programme this autumn, while Wall Street closed flat in the previous trading session after a moderate late-day rally as media stocks, which slumped on negative business updates from Walt Disney and Comcast, were offset by gains in healthcare shares.

The markets may react to the Federal Reserve’s more dovish stance in the face of weak inflation data, reducing the likelihood of a third rate hike this year.

Positive trends in the SGX Nifty Index Futures for September delivery, which were trading at 9,976, up by 18.50 points.

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