Derivatives contract expiry this week, so markets may remain volatile.Expiry of monthly derivatives contract on Thursday is expected to raise caution on bourses.Besides, trend in investment by overseas investors, global cues, movement of rupee against the dollar and crude oil price will be important triggers for the markets.
At 07:30 a.m., Nifty India stock futures in Singapore were trading 15.50 points lower at 7,916 indicating flat-to-negative opening on the domestic market.
Nifty ended the day with a gain of 22 points at 7913 after a range bound day of trade on Friday. The BSE S&P Sensex closed the week slightly lower at 26,419.55. In straight two weeks, it has zoomed 1,090.41 points or 4.30 per cent.
Globally, US Fed chairman Janet Yellen maked a mild departure from her ultra dovish stance at Jackson Hole saying the economy is getting closer to the central bank’s goals on full employment and stable inflation. Wall Street ended mixed while the dollar is back at 11-month high.
Asian markets were TRADING mixed on flattish US lead and over Ukraine woes. The Nikkei is higher as the yen breached the 104 level and is currently sitting at 6-month lows.
At 07:30 a.m., Nifty India stock futures in Singapore were trading 15.50 points lower at 7,916 indicating flat-to-negative opening on the domestic market.
Nifty ended the day with a gain of 22 points at 7913 after a range bound day of trade on Friday. The BSE S&P Sensex closed the week slightly lower at 26,419.55. In straight two weeks, it has zoomed 1,090.41 points or 4.30 per cent.
Globally, US Fed chairman Janet Yellen maked a mild departure from her ultra dovish stance at Jackson Hole saying the economy is getting closer to the central bank’s goals on full employment and stable inflation. Wall Street ended mixed while the dollar is back at 11-month high.
Asian markets were TRADING mixed on flattish US lead and over Ukraine woes. The Nikkei is higher as the yen breached the 104 level and is currently sitting at 6-month lows.
The euro fell to its lowest in nearly a year against a broadly firmer dollar after comments from the head of the European Central Bank raised prospects of more policy easing.
Brent crude, meanwhile, was under pressure on a strong dollar and plentiful supplies. It is currently below USD 112.
Back home, Finance Minister, Arun Jaitley is likely to hold a review meet on goods and services taxes (GST) today. Sources have indicated that the meet could examine states' demands on constitutional amendment bill.
Stock market will remain closed on Friday for 'Ganesh Chaturthi'.
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