Pre Session- Sensex tipped to open lower on bearish Asia trend
22/09/2014 08:17
The key domestic benchmarks may open on a negative note today tracking a bearish trend in stock markets across Asia after G20 finance chiefs and central bankers stressed that low interest rates may give rise to financial market risks as leading economies depend on monetary stimulus to boost economic growth. China’s Shanghai Composite fell as the country’s Finance Minister warned that growth in the world’s second biggest economy faced downward pressure. Hang Seng tumbled while Japan’s Nikkei 225 was trading lower as a stronger yen dimmed the appeal of exporter stocks. Back home, the Sensex may witness volatility this week amid the expiry of the September futures and options (F&O) contracts this Thursday. Meanwhile, markets may be in consolidation mode after the longest stretch of weekly increases in over two years. In the near-term, the direction of the market will depend on the RBI policy review on September 30 where the apex back may maintain status quo on interest rates, while Prime Minister Modi’s US visit will also be keenly eyed.
Top traded Volumes on NSE Nifty – NTPC Ltd. 12167071.00, Sesa Sterlite Ltd. 10092006.00, Bharat Heavy Electricals Ltd. 9805705.00, Power Grid Corporation of India Ltd. 9634509.00 and Hindalco Industries Ltd. 8650571.00.
22/09/2014 08:17
The key domestic benchmarks may open on a negative note today tracking a bearish trend in stock markets across Asia after G20 finance chiefs and central bankers stressed that low interest rates may give rise to financial market risks as leading economies depend on monetary stimulus to boost economic growth. China’s Shanghai Composite fell as the country’s Finance Minister warned that growth in the world’s second biggest economy faced downward pressure. Hang Seng tumbled while Japan’s Nikkei 225 was trading lower as a stronger yen dimmed the appeal of exporter stocks. Back home, the Sensex may witness volatility this week amid the expiry of the September futures and options (F&O) contracts this Thursday. Meanwhile, markets may be in consolidation mode after the longest stretch of weekly increases in over two years. In the near-term, the direction of the market will depend on the RBI policy review on September 30 where the apex back may maintain status quo on interest rates, while Prime Minister Modi’s US visit will also be keenly eyed.
Top traded Volumes on NSE Nifty – NTPC Ltd. 12167071.00, Sesa Sterlite Ltd. 10092006.00, Bharat Heavy Electricals Ltd. 9805705.00, Power Grid Corporation of India Ltd. 9634509.00 and Hindalco Industries Ltd. 8650571.00.
