Pre Session- Sensex seen opening lower; RBI policy meet eyed
30/09/2014 08:35
The key domestic benchmarks are likely to open lower tracking a bearish trend in most Asian markets as protests in Hong Kong and concerns over the Chinese economy marred sentiment. China’s Shanghai Composite was trading with slim gains even as China’s HSBC manufacturing PMI stood unchanged at 50.2 in September from the previous month, a sign that manufacturing activity nearly stalled this month. Hang Seng slumped on political protests in Hong Kong, while Japan’s Nikkei 225 slumped as industrial production declined in August. Back home, caution will persist as the RBI announces its monetary policy decision today in which the central bank is unlikely to cut interest rates despite easing of inflationary pressures in Asia’s third biggest economy. The RBI is widely expected to keep its key rate, the repo rate unchanged at 8 per cent today, according to analysts.
Top traded Volumes on NSE Nifty – Hindalco Industries Ltd. 9198699.00, NTPC Ltd. 6329937.00, DLF Ltd. 5836396.00, Tata Motors Ltd. 5106197.00 and Jindal Steel & Power Ltd. 4583396.00.
30/09/2014 08:35
The key domestic benchmarks are likely to open lower tracking a bearish trend in most Asian markets as protests in Hong Kong and concerns over the Chinese economy marred sentiment. China’s Shanghai Composite was trading with slim gains even as China’s HSBC manufacturing PMI stood unchanged at 50.2 in September from the previous month, a sign that manufacturing activity nearly stalled this month. Hang Seng slumped on political protests in Hong Kong, while Japan’s Nikkei 225 slumped as industrial production declined in August. Back home, caution will persist as the RBI announces its monetary policy decision today in which the central bank is unlikely to cut interest rates despite easing of inflationary pressures in Asia’s third biggest economy. The RBI is widely expected to keep its key rate, the repo rate unchanged at 8 per cent today, according to analysts.
Top traded Volumes on NSE Nifty – Hindalco Industries Ltd. 9198699.00, NTPC Ltd. 6329937.00, DLF Ltd. 5836396.00, Tata Motors Ltd. 5106197.00 and Jindal Steel & Power Ltd. 4583396.00.
