 |
| Get Bank nifty futures tips |
Equity market of country is estimated to open in the red today with the SGX Nifty trading at 7981.50, down 38 points at 7:45. Global cues are mixed with Asian markets kicking off the first trading day of the week lower on estimations of more volatility in Chinese markets.
Mainland equities lost 2 per-cent in early trade today while the Dow futures tanked 200 pts on reports that Beijing may finally halt its controversial market intervention. The US market closed narrowly mixed on Friday last week on the back of a sharp reunite in crude oil and good economic data. US Federal Reserve Vice Chairman has said in an exclusive interview that the Fed has not yet made up its mind about hiking interest rates in September.
In macro data to watch today, gross domestic product (GDP) is estimated to come in at 7.5 per-cent well above the 6.7 per-cent last year in Q1. But economists are now watching the Gross Value Added (GVA) and that is assumed to fall to 6.81 % from 7.4 per-cent in the year ago 1st quarter. Prime Minister Narendra Modi said he will let the land ordinance lapse today, adding that the govt is open to suggestions on Land Bill and that they are ready to amend land acquisition act to benefit farmers.
Raghuram Ji Rajan RBI Governor, told that in an exclusive interview that he is not done with cutting rates yet and that he will follow the data to see how much action is possible. Moreover, Finance Minister Arun Jaitley told the RBI and the government are on the same page with respect to the monetary policy committee.
Mainland equities lost 2 per-cent in early trade today while the Dow futures tanked 200 pts on reports that Beijing may finally halt its controversial market intervention. The US market closed narrowly mixed on Friday last week on the back of a sharp reunite in crude oil and good economic data. US Federal Reserve Vice Chairman has said in an exclusive interview that the Fed has not yet made up its mind about hiking interest rates in September.
In macro data to watch today, gross domestic product (GDP) is estimated to come in at 7.5 per-cent well above the 6.7 per-cent last year in Q1. But economists are now watching the Gross Value Added (GVA) and that is assumed to fall to 6.81 % from 7.4 per-cent in the year ago 1st quarter. Prime Minister Narendra Modi said he will let the land ordinance lapse today, adding that the govt is open to suggestions on Land Bill and that they are ready to amend land acquisition act to benefit farmers.
Raghuram Ji Rajan RBI Governor, told that in an exclusive interview that he is not done with cutting rates yet and that he will follow the data to see how much action is possible. Moreover, Finance Minister Arun Jaitley told the RBI and the government are on the same page with respect to the monetary policy committee.
Read More : Bank nifty futures tips
No comments:
Post a Comment