The 50-share Nift index is expected to open higher on Friday following positive trend seen in other Asian markets. Tracking the momentum, the index is expected to reclaim its crucial psychological level of 7900 in trade today.
At 07:30 a.m., Nifty India stock futures in Singapore were trading 11 points higher at 7,918 indicating flat-to-positive opening on the domestic market.
Benchmark indices remained range bound for second succession trade on Thursday and closed marginally in green in the end.
Overnight, U.S. stocks ended higher as existing home sales jumped to a 10-month high and initial jobless claims dropped sharply, painting a picture of an economy that is slowly improving.
Global markets are awash with positive sentiment as the S&P 500 hit a new record as a host of US economic data positively surprised amidst optimism that Federal Reserve chairman Janet Yellen will continue to maintain a dovish stance in her speech at Jackson Hole today. Asian and the European markets both were is positive in trade. Asian shares were trading higher
Now all eyes are on Federal Reserve Chair Janet Yellen's speech on Friday at a policymakers' meeting in Jackson Hole, Wyoming, which could provide clues on the timing of an interest-rate hike
In other asset classes, the dollar hovered just below its 2014 peak against a basket of major currencies, with the bulls turning cautious ahead Yellen’s speech.
Brent crude prices slipped, hurt by an increase in supplies and precious metal gold settled at its lowest level since late June, extending losses to a fifth session, following a technical sell-off after prices broke below a key support level
At 07:30 a.m., Nifty India stock futures in Singapore were trading 11 points higher at 7,918 indicating flat-to-positive opening on the domestic market.
Benchmark indices remained range bound for second succession trade on Thursday and closed marginally in green in the end.
Overnight, U.S. stocks ended higher as existing home sales jumped to a 10-month high and initial jobless claims dropped sharply, painting a picture of an economy that is slowly improving.
Global markets are awash with positive sentiment as the S&P 500 hit a new record as a host of US economic data positively surprised amidst optimism that Federal Reserve chairman Janet Yellen will continue to maintain a dovish stance in her speech at Jackson Hole today. Asian and the European markets both were is positive in trade. Asian shares were trading higher
Now all eyes are on Federal Reserve Chair Janet Yellen's speech on Friday at a policymakers' meeting in Jackson Hole, Wyoming, which could provide clues on the timing of an interest-rate hike
In other asset classes, the dollar hovered just below its 2014 peak against a basket of major currencies, with the bulls turning cautious ahead Yellen’s speech.
Brent crude prices slipped, hurt by an increase in supplies and precious metal gold settled at its lowest level since late June, extending losses to a fifth session, following a technical sell-off after prices broke below a key support level
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