INDIAN BENCHMARKS ended the week with marginal gains despite initial concerns over a likely rate hike in the US. The ruling BJP’s poor performance in the bypolls further weighed down sentiment. However, the mood perked up after the Fed retained its earlier stance of keeping interest rates historically low for a “considerable time”, sparking a rally in equity markets globally.
Idea Cellular rose after index provider FTSE reportedly raised the weightage of the stock in its indexes. BHEL bagged contract for setting up a supercritical thermal power project on EPC basis from Gujarat State Electricity Corporation.
The INDIAN BENCHMARKS SENSEX ended 21 point down at 27090 and the 50-share NIFTY closed 6 point up at 8121.
GLOBAL MARKET CHASE
ASIAN STOCKS higher as investors focus shifted to a referendum on Scottish independence and the debut of China's Alibaba Group Holding in New York.
U.S. STOCKS rose after investors applauded Chinese e-commerce giant Alibaba's initial public offering as well as Scotland's decision to stay in the U.K.
EUROPEAN STOCKS were higher, after Scotland voted to remain in the U.K. in an independence referendum.
WEEK AHEAD
The market may remain volatile as traders roll over positions in the futures & options (F&O) segment from the near month September 2014 series to October 2014 series.
Investors will keep watch of the FII inflows and the RBI Policy on Sept 30.
Further, On the international front, ECB President Mario Draghi's speech on European economy and US’s annualized Q2 GDP data will help shape the global cues.
Get free trading in equity tips, free equity tips, stock tips, stock cash tips, stock futures tips, commodity tips, nifty tips, nifty futures, mcx tips, ncdex tips, and share market tips etc.
Idea Cellular rose after index provider FTSE reportedly raised the weightage of the stock in its indexes. BHEL bagged contract for setting up a supercritical thermal power project on EPC basis from Gujarat State Electricity Corporation.
The INDIAN BENCHMARKS SENSEX ended 21 point down at 27090 and the 50-share NIFTY closed 6 point up at 8121.
GLOBAL MARKET CHASE
ASIAN STOCKS higher as investors focus shifted to a referendum on Scottish independence and the debut of China's Alibaba Group Holding in New York.
U.S. STOCKS rose after investors applauded Chinese e-commerce giant Alibaba's initial public offering as well as Scotland's decision to stay in the U.K.
EUROPEAN STOCKS were higher, after Scotland voted to remain in the U.K. in an independence referendum.
WEEK AHEAD
The market may remain volatile as traders roll over positions in the futures & options (F&O) segment from the near month September 2014 series to October 2014 series.
Investors will keep watch of the FII inflows and the RBI Policy on Sept 30.
Further, On the international front, ECB President Mario Draghi's speech on European economy and US’s annualized Q2 GDP data will help shape the global cues.
Get free trading in equity tips, free equity tips, stock tips, stock cash tips, stock futures tips, commodity tips, nifty tips, nifty futures, mcx tips, ncdex tips, and share market tips etc.
No comments:
Post a Comment