Pre Session: Markets may open lower on feeble global cues
30/11/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
The Indian benchmark indices are set to open lower on Thursday amid weak cues from other global peers.
The Asian markets have opened on a negative note weighed down by a plunge in high-flying technology shares, while Wall Street closed mixed in the previous trading session as investors fled high-flying technology stocks and shifted to banks.
On the economy front, analysts are expecting a rise in the September quarter GDP that will be announced tomorrow, with some of them pegging it at 6.4 percent.
Markets may react to the report that earnings for companies in India's broader NSE index rose at their best pace in six quarters during July-September.
Also, South Korea's central bank raised interest rates for the first time in more than six years on Thursday. Growth in China's manufacturing sector unexpectedly picked up in November, despite a crackdown on air pollution and a cooling property market that have been widely expected to weigh on the world's second-largest economy.
Weak trends in the SGX Nifty Index Futures for November delivery, which were trading at 10,313, down by 47 points.
30/11/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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The Indian benchmark indices are set to open lower on Thursday amid weak cues from other global peers.
The Asian markets have opened on a negative note weighed down by a plunge in high-flying technology shares, while Wall Street closed mixed in the previous trading session as investors fled high-flying technology stocks and shifted to banks.
On the economy front, analysts are expecting a rise in the September quarter GDP that will be announced tomorrow, with some of them pegging it at 6.4 percent.
Markets may react to the report that earnings for companies in India's broader NSE index rose at their best pace in six quarters during July-September.
Also, South Korea's central bank raised interest rates for the first time in more than six years on Thursday. Growth in China's manufacturing sector unexpectedly picked up in November, despite a crackdown on air pollution and a cooling property market that have been widely expected to weigh on the world's second-largest economy.
Weak trends in the SGX Nifty Index Futures for November delivery, which were trading at 10,313, down by 47 points.
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
