Markets remain firm; Maruti Suzuki, Bajaj Auto shares advance
30/08/2016 10:22
NIFTY Fut TREND : BUY ZONE
BANKNIFTY Fut : BUY ZONE
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The markets are expected to remain cautious ahead of the August PMI numbers later in the week which would offer fresh cues over the health of Asia’s third biggest economy which may curb gains at Dalal Street. India’s manufacturing PMI rose to a four-month high of 51.8 in July, with a reading above 50 signaling expansion.
At 10:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28113.41 up by 210.75 points or by 0.76 per cent, while the NSE Nifty was at 8671.9 points, trading higher by 64.45 points or by 0.75 per cent.
On the global front, Asian stocks were trading higher today as crude oil rebounded to above the USD 47 per barrel mark while traders cheered optimistic US economic data and focused on the outlook for global monetary policy. US stocks ended higher in the previous trading session as traders gave thumbs up to US consumer spending data while awaiting Friday’s jobs data which may offer more cues over the probability of tightening of US borrowing costs next month.
30/08/2016 10:22
NIFTY Fut TREND : BUY ZONE
BANKNIFTY Fut : BUY ZONE
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The key domestic benchmark indices were trading higher in the morning trading session tracking a rally across markets in Asia and a near-record high finish at Wall Street overnight as optimism over the health of the world’s biggest economy amid robust consumer spending data bolstered risk taking appetite.The markets are expected to remain cautious ahead of the August PMI numbers later in the week which would offer fresh cues over the health of Asia’s third biggest economy which may curb gains at Dalal Street. India’s manufacturing PMI rose to a four-month high of 51.8 in July, with a reading above 50 signaling expansion.
At 10:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28113.41 up by 210.75 points or by 0.76 per cent, while the NSE Nifty was at 8671.9 points, trading higher by 64.45 points or by 0.75 per cent.
On the global front, Asian stocks were trading higher today as crude oil rebounded to above the USD 47 per barrel mark while traders cheered optimistic US economic data and focused on the outlook for global monetary policy. US stocks ended higher in the previous trading session as traders gave thumbs up to US consumer spending data while awaiting Friday’s jobs data which may offer more cues over the probability of tightening of US borrowing costs next month.
