Pre Session: Markets may open lower on weak Asian cues
01/12/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
The Indian benchmark indices are set to open lower on Friday amid weak cues from other Asian peers.
The Asian markets have opened on a negative note, while Wall Street closed higher in the previous trading at the increasing likelihood that the Senate might pass a bill aimed at overhauling the US tax code.
On the economy front, the Indian economy grew 6.3 percent in July-September, recovering from a three-year low growth slump of 5.7 percent in April-June, as companies scaled up production and restocked supplies after goods and services tax (GST).
Markets may react to the report that eight core sectors grew at a slower pace of 4.7 percent in October, chiefly due to subdued performance of cement, steel and refinery segments. Also, OPEC and non-OPEC oil producers look poised to agree to extend output cuts until the end of 2018 to finish clearing a global glut of crude. Also, borrowing by India Inc from foreign sources jumped more than two times from a year ago to USD 4.4 billion in October this year Weak trends in the SGX Nifty Index Futures for November delivery, which were trading at 10,269, down by 09 points.
01/12/2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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The Indian benchmark indices are set to open lower on Friday amid weak cues from other Asian peers.
The Asian markets have opened on a negative note, while Wall Street closed higher in the previous trading at the increasing likelihood that the Senate might pass a bill aimed at overhauling the US tax code.
On the economy front, the Indian economy grew 6.3 percent in July-September, recovering from a three-year low growth slump of 5.7 percent in April-June, as companies scaled up production and restocked supplies after goods and services tax (GST).
Markets may react to the report that eight core sectors grew at a slower pace of 4.7 percent in October, chiefly due to subdued performance of cement, steel and refinery segments. Also, OPEC and non-OPEC oil producers look poised to agree to extend output cuts until the end of 2018 to finish clearing a global glut of crude. Also, borrowing by India Inc from foreign sources jumped more than two times from a year ago to USD 4.4 billion in October this year Weak trends in the SGX Nifty Index Futures for November delivery, which were trading at 10,269, down by 09 points.
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
