Pre Session- Sensex seen opening higher on Asia trend
21/10/2014 08:25
The key domestic benchmarks are likely to open higher today tracking a mostly positive trend in fellow Asian markets and a positive closing at Wall Street overnight. Asian stocks rose as China’s Q3 GDP data beat estimates. The world’s second biggest economy expanded 7.3 per cent in July-September 2014, year on year, compared to analysts’ estimates of 7.2 per cent growth. However, the pace of growth was the slowest since Q1 2009. China’s Shanghai Composite was trading with slim gains, Hang Seng rose while Japan’s Nikkei 225 fell as a stronger yen dimmed the appeal of exporter stocks. Back home, sentiment may remain bullish after BJP’s victory in the assembly elections while oil and gas reforms amid diesel price deregulation will continue to support Dalal Street. The stocks of Cairn India, HDFC Bank and JSW Steel will be in focus today as they unveil their Q2 earnings numbers today.
Top traded Volumes on NSE Nifty – DLF Ltd. 26767160.00, Jindal Steel & Power Ltd. 23687843.00, Oil And Natural Gas Corporation Ltd. 15253269.00, Hindalco Industries Ltd. 10451491.00 and Axis Bank Ltd. 6484171.00.
21/10/2014 08:25
The key domestic benchmarks are likely to open higher today tracking a mostly positive trend in fellow Asian markets and a positive closing at Wall Street overnight. Asian stocks rose as China’s Q3 GDP data beat estimates. The world’s second biggest economy expanded 7.3 per cent in July-September 2014, year on year, compared to analysts’ estimates of 7.2 per cent growth. However, the pace of growth was the slowest since Q1 2009. China’s Shanghai Composite was trading with slim gains, Hang Seng rose while Japan’s Nikkei 225 fell as a stronger yen dimmed the appeal of exporter stocks. Back home, sentiment may remain bullish after BJP’s victory in the assembly elections while oil and gas reforms amid diesel price deregulation will continue to support Dalal Street. The stocks of Cairn India, HDFC Bank and JSW Steel will be in focus today as they unveil their Q2 earnings numbers today.
Top traded Volumes on NSE Nifty – DLF Ltd. 26767160.00, Jindal Steel & Power Ltd. 23687843.00, Oil And Natural Gas Corporation Ltd. 15253269.00, Hindalco Industries Ltd. 10451491.00 and Axis Bank Ltd. 6484171.00.
