ECONOMY ANALYSIS
Asian equities mixed
on weak yen, Wall Street's plunge
Current account
deficit narrows to USD 8.2 bn in Q3
Forex reserves jump
$16.4 bn in first 9 months of FY15: RBI
India revives plans
for urea plant in Iran; investing Rs 5K cr
Mphasis looking to
sell domestic BPO business: Sources
Prime Property:
Mumbai Metro facing Green hurdle
MARKET ANALYSIS
The 50-share Nifty
index is expected to open lower on Wednesday
following muted trend
seen in other Asian markets. Tracking the
momentum, the index is
expected to retest its crucial psychological level of
8700 in trade
today.
At 07:00 a.m., Nifty
India stock futures in Singapore were trading 1 point
lower at 8,755
indicating a flat opening on the domestic market.
However, experts are
of the view that passing of Land Bill is positive, but
markets are
going to react more on global cues.
The S&P BSE
Sensex cracked 738 points in a matter of just two trading
session,
while Nifty slipped 225.70 points to close marginally above its
crucial psychological support level of 8,700 on Tuesday.
Overnight, US stocks
ended lower giving the S&P 500 its biggest decline in
two
months, on increasing views the Federal Reserve may raise rates as
soon as June.
No comments:
Post a Comment