Pre Session: Markets may open lower amid mixed global cues
27/11/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
The Indian benchmark indices are set to open lower on Monday amid mixed cues from other global peers.
The Asian markets have opened on a mixed note with Japanese and Australian markets notching slight gains, while Wall Street closed higher in the previous trading session led by technology stocks.
On the economy front, Credit rating agency Standard and Poor’s (S&P) kept its India rating unchanged at the lowest investment grade of BBB–, with a stable outlook, citing a sizeable fiscal deficit, high general government debt and low per capita income. EPFO may lower interest rate on provident fund deposits this fiscal compared to 8.65 percent provided to its 4.5 crore members for 2016-17
Also, markets may react to the report that foreign investors have pumped over USD 2.6 billion in the country's capital markets this month so far, propelled by government's announcement of recapitalising PSU banks and India faring well in the World Bank's 'ease of doing business index'.
Weak trends in the SGX Nifty Index Futures for November delivery, which were trading at 10,369, down by 53.50 points.
27/11/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Free Intraday Tips : Join Our Whatsapp No : 9841986753
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The Indian benchmark indices are set to open lower on Monday amid mixed cues from other global peers.
The Asian markets have opened on a mixed note with Japanese and Australian markets notching slight gains, while Wall Street closed higher in the previous trading session led by technology stocks.
On the economy front, Credit rating agency Standard and Poor’s (S&P) kept its India rating unchanged at the lowest investment grade of BBB–, with a stable outlook, citing a sizeable fiscal deficit, high general government debt and low per capita income. EPFO may lower interest rate on provident fund deposits this fiscal compared to 8.65 percent provided to its 4.5 crore members for 2016-17
Also, markets may react to the report that foreign investors have pumped over USD 2.6 billion in the country's capital markets this month so far, propelled by government's announcement of recapitalising PSU banks and India faring well in the World Bank's 'ease of doing business index'.
Weak trends in the SGX Nifty Index Futures for November delivery, which were trading at 10,369, down by 53.50 points.
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
