Pre Session: Markets may open higher on strong Asian cues
26/02/2018
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
The Indian benchmark indices are set to open higher on Monday amid positive cues from other Asian peers.
The Asian markets have opened on a higher note lifted by gains in technology stocks and a retreat in Treasury yields as the Federal Reserve eased concerns about the path of interest rate hikes this year, while Wall Street closed higher in the previous trading session lifted by gains in technology stocks and a retreat in Treasury yields as the Federal Reserve eased concerns about the path of interest rate hikes this year.
On the economy front, the markets may react to a report that the Monetary Policy Committee's next move will likely be a rate hike but this will not be taken up immediately as a recovery is still at nascent stage.
Also, according to a report, a favourable base effect and broad-based pick-up in economic activity may lead to faster gross domestic product (GDP) growth in the December quarter.
On the IPO front, HG Infra Engineering's initial public offering (IPO) is set to open today and will close on February 28, 2018. It has garnered over Rs 138 crore from anchor investors ahead of its initial share-sale.
Positive trends in the SGX Nifty Index Futures for March delivery, which were trading at 10,540, up by 35.50 points.
26/02/2018
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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The Indian benchmark indices are set to open higher on Monday amid positive cues from other Asian peers.
The Asian markets have opened on a higher note lifted by gains in technology stocks and a retreat in Treasury yields as the Federal Reserve eased concerns about the path of interest rate hikes this year, while Wall Street closed higher in the previous trading session lifted by gains in technology stocks and a retreat in Treasury yields as the Federal Reserve eased concerns about the path of interest rate hikes this year.
On the economy front, the markets may react to a report that the Monetary Policy Committee's next move will likely be a rate hike but this will not be taken up immediately as a recovery is still at nascent stage.
Also, according to a report, a favourable base effect and broad-based pick-up in economic activity may lead to faster gross domestic product (GDP) growth in the December quarter.
On the IPO front, HG Infra Engineering's initial public offering (IPO) is set to open today and will close on February 28, 2018. It has garnered over Rs 138 crore from anchor investors ahead of its initial share-sale.
Positive trends in the SGX Nifty Index Futures for March delivery, which were trading at 10,540, up by 35.50 points.
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
