Pre Session: Markets may open higher on strong Asian cues
23/02/2018
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
The Indian benchmark indices are set to open higher on Friday amid positive cues from other Asian peers.
The Asian markets have opened on a higher note as comments from a Federal Reserve official eased worries that the central bank might raise rates more aggressively this year, while Wall Street closed higher in the previous trading session buoyed by gains in industrial and energy shares as U.S. Treasury yields eased.
On the economy front, the markets may react to a report that currency in circulation in India stood at Rs17.78 trillion as on February 16, reaching 98.94 percent of the pre demonetisation level.
On the corporate front, PNB will remain in focus after the Rs 11,400 crore fraud detected at Punjab National Bank (PNB) could trigger prompt corrective action (PCA) by Reserve Bank, leading to stoppage in lending by it for sometime.
Also, the rupee took another beating and plunged by 28 paise to end at a new three-month low of 65.04 against the US dollar even as importers rushed to cover unhedged positions amid fears over an imminent Fed rate hike.
Positive trends in the SGX Nifty Index Futures for March delivery, which were trading at 10,406.50, up by 21 points.
23/02/2018
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 positive cues from other Asian peers.
The Asian markets have opened on a higher note as comments from a Federal Reserve official eased worries that the central bank might raise rates more aggressively this year, while Wall Street closed higher in the previous trading session buoyed by gains in industrial and energy shares as U.S. Treasury yields eased.
On the economy front, the markets may react to a report that currency in circulation in India stood at Rs17.78 trillion as on February 16, reaching 98.94 percent of the pre demonetisation level.
On the corporate front, PNB will remain in focus after the Rs 11,400 crore fraud detected at Punjab National Bank (PNB) could trigger prompt corrective action (PCA) by Reserve Bank, leading to stoppage in lending by it for sometime.
Also, the rupee took another beating and plunged by 28 paise to end at a new three-month low of 65.04 against the US dollar even as importers rushed to cover unhedged positions amid fears over an imminent Fed rate hike.
Positive trends in the SGX Nifty Index Futures for March delivery, which were trading at 10,406.50, up by 21 points.
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
