Pre Session: Markets may open lower on weak Asian cues
28/02/2018
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
The Indian benchmark indices are set to open lower on Wednesday amid weak cues from other Asian peers.
The Asian markets have opened on a lower note as risk appetite soured after US stocks slid following a congressional testimony from the Federal Reserve's new chief, while Wall Street closed lower in the previous trading session after comments from Federal Reserve Chairman Jerome Powell revived fears about more interest-rate increases than expected this year.
On the economy front, the markets are awaiting cues from economic data such as GDP for December quarter and purchasing managers’ index (PMI) due this week.
On the IPO front, the initial public offer of H G Infra Engineering was subscribed 44 percent on the second day of bidding on Tuesday.
Also, markets may react to a RBI report which said that after five quarters of low growth, bank credit resumed double-digit growth at 10.7 percent in the quarter to December, led by private sector banks.
Muted trends in the SGX Nifty Index Futures for March delivery, which were trading at 10,508, down by 54 points.
28/02/2018
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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The Indian benchmark indices are set to open lower on Wednesday amid weak cues from other Asian peers.
The Asian markets have opened on a lower note as risk appetite soured after US stocks slid following a congressional testimony from the Federal Reserve's new chief, while Wall Street closed lower in the previous trading session after comments from Federal Reserve Chairman Jerome Powell revived fears about more interest-rate increases than expected this year.
On the economy front, the markets are awaiting cues from economic data such as GDP for December quarter and purchasing managers’ index (PMI) due this week.
On the IPO front, the initial public offer of H G Infra Engineering was subscribed 44 percent on the second day of bidding on Tuesday.
Also, markets may react to a RBI report which said that after five quarters of low growth, bank credit resumed double-digit growth at 10.7 percent in the quarter to December, led by private sector banks.
Muted trends in the SGX Nifty Index Futures for March delivery, which were trading at 10,508, down by 54 points.
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
