Pre Session- Sensex may open flat amid mixed Asia trend 16/01/2015

Pre Session- Sensex may open flat amid mixed Asia trend
16/01/2015 08:47
The key domestic benchmarks are likely to open little changed today tracking a mixed trend in Asian markets and a fifth straight bearish closing at Wall Street overnight as investors digested disappointing bank earnings and the Swiss National Bank’s decision to suddenly scrap its commitment to keep the franc above 1.20 per euro which led a flight from risky assets. China’s Shanghai Composite rose amid hopes of further monetary easing by policymakers to spur growth in the world’s second biggest economy. Hang Seng fell while Japan’s Nikkei 225 was trading lower as a stronger yen dimmed the appeal of exporter stocks. Back home, the Sensex may continue to be supported by the Reserve Bank of India’s (RBI) surprise decision to cut interest rates yesterday amidst softening inflationary pressures to help spur a revival of the investment cycle in Asia’s third biggest economy. Investors will eye December quarter earnings numbers from Wipro and Reliance Industries Limited today.

Top traded Volumes on NSE Nifty – State Bank of India 30729523.00, IDFC Ltd. 20033708.00, DLF Ltd. 17725500.00, ICICI Bank Ltd. 15148172.00 and Hindalco Industries Ltd. 10860317.00.

Pre Session- Sensex set for bullish start amid firm global cues 25/11/2014

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.

Pre Session- Sensex seen opening higher on Asia trend 21/10/2014

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.

Pre Session- Sensex set for positive opening on assembly elections, reform push 20/10/2014

Pre Session- Sensex set for positive opening on assembly elections, reform push
20/10/2014 08:28
The key domestic benchmarks are likely to open higher today tracking a firm trend in fellow Asian markets while results of the recently held assembly elections in which the BJP party emerged victorious and the government’s decision to deregulate diesel prices may bring cheer to Dalal Street. The BJP emerged as the single largest party in Haryana as the Modi wave helped sweep the assembly polls, but it will need outside support to form the government in Maharashtra. The decision to deregulate diesel prices, a long overdue reform may help boost foreign investor sentiment. Diesel price deregulation means the scrapping of the diesel subsidy which will help stem the fiscal deficit and may lead to a reduction in interest rates by the RBI. China’s Shanghai Composite rose after a government official said that the country’s central bank is planning to inject funds into some banks, a sign that the world’s second biggest economy is stepping up stimulus fire to bolster growth. Hang Seng rose while Japan’s Nikkei 225 surged as a weaker yen boosted the appeal of exporter stocks.

Top traded Volumes on NSE Nifty – DLF Ltd. 32878550.00, Hindalco Industries Ltd. 13305567.00, Tata Motors Ltd. 9493560.00, ITC Ltd. 7516764.00 and Tata Steel Ltd. 6709248.00.