Pre Session- Sensex set for bullish start amid firm global cues
25/11/2014 08:29
The key domestic benchmarks are likely to open on a positive note tracking a firm trend in fellow Asian stocks and yet another record high closing at Wall Street amid easing concerns over the health of the global economy on central bank action in China and Europe. Asian stocks advanced as investors continued to cheer the surprise interest rate cut by Beijing which is expected to help stem a lingering slowdown in the world’s second biggest economy. China’s Shanghai Composite climbed while Hang Seng was trading tad higher and Japan’s Nikkei 225 advanced as a weaker yen boosted the appeal of exporter stocks. Back home, investor sentiment remains positive as the Winter Session of Parliament which began yesterday offers hopes that the Modi government may be successful in passing key bills to reduce red tape and bolstering FDI investment in sectors such as insurance. Some volatility may be seen in markets ahead of the expiry of the November F&O contracts on Thursday.
Top traded Volumes on NSE Nifty – State Bank of India 18631463.00, Hindalco Industries Ltd. 10540335.00, DLF Ltd. 10430203.00, Jindal Steel & Power Ltd. 7012082.00 and Sesa Sterlite Ltd. 6214657.00.
25/11/2014 08:29
The key domestic benchmarks are likely to open on a positive note tracking a firm trend in fellow Asian stocks and yet another record high closing at Wall Street amid easing concerns over the health of the global economy on central bank action in China and Europe. Asian stocks advanced as investors continued to cheer the surprise interest rate cut by Beijing which is expected to help stem a lingering slowdown in the world’s second biggest economy. China’s Shanghai Composite climbed while Hang Seng was trading tad higher and Japan’s Nikkei 225 advanced as a weaker yen boosted the appeal of exporter stocks. Back home, investor sentiment remains positive as the Winter Session of Parliament which began yesterday offers hopes that the Modi government may be successful in passing key bills to reduce red tape and bolstering FDI investment in sectors such as insurance. Some volatility may be seen in markets ahead of the expiry of the November F&O contracts on Thursday.
Top traded Volumes on NSE Nifty – State Bank of India 18631463.00, Hindalco Industries Ltd. 10540335.00, DLF Ltd. 10430203.00, Jindal Steel & Power Ltd. 7012082.00 and Sesa Sterlite Ltd. 6214657.00.
