BSE Sensex and Nifty are set to open higher today, tracking gains in
global markets. The SGX CNX Nifty is trading 0.80 per cent higher,
indicating a strong start for Indian markets.
Here Are Top 10 Developments:
1) Expectations of Fed delaying its rate hike to next year have spurred a rally in global markets, also buoying Indian markets. Overnight, the Wall Street for the first time this year gained for a fifth straight session.
2) Gains in domestic markets were also spurred by comments from the government officials that the economy remains strong and GDP growth will top 7.5 per cent this fiscal year.
3) Analysts say that the undertone of domestic markets remains positive after the bigger-than-expected rate cut from the Reserve Bank of India last week. RBI chief Raghuram Rajan has also signaled that central bank will be accommodative to the extent possible.
4) BSE Sensex and Nifty surged over 2 per cent on Monday to their highest levels in over a month, tracking a broad rally in global markets. This marked the fourth straight day of gains for Indian markets.
5) Banking stocks, which were among the biggest gainers yesterday, are also likely to be in focus. Press Trust of India had earlier reported that the Cabinet is likely to consider this week a proposal to recast Rs 4.3 lakh crore loans of nine state power distribution companies with a view to bring down their liabilities.
6) Analysts say that Nifty faces resistance at 8,250-8300 levels and if these levels are taken out, markets could be poised to move even higher in the short term.
7) Following expectations of a delayed Fed rate hike, the rupee also closed at over one-month high of 65.28/dollar on Monday.
8) A lower-than-estimated jobs addition in the US has added to expectation that the Fed may refrain from raising key interest rates this year, fueling a rally in global markets. The US jobs data for September was released on Friday. The possibility of the Fed delaying the lift-off date for rates also meant its loose policy, which has helped shore up stock markets globally by providing cheap cash, would continue a little longer.
9) The prospect of a delay in the U.S. Federal Reserve's plan to raise interest rates and signs of some stability in oil and commodity markets boosted Asian stocks on Tuesday. Japan's Nikkei led the rally and traded 1.5 per cent higher.
10) Overnight, the Dow Jones industrial average rose 304.06 points, or 1.85 per cent, to 16,776.43. The S&P 500 rose for a fifth straight session for the first time this year.
Here Are Top 10 Developments:
1) Expectations of Fed delaying its rate hike to next year have spurred a rally in global markets, also buoying Indian markets. Overnight, the Wall Street for the first time this year gained for a fifth straight session.
2) Gains in domestic markets were also spurred by comments from the government officials that the economy remains strong and GDP growth will top 7.5 per cent this fiscal year.
3) Analysts say that the undertone of domestic markets remains positive after the bigger-than-expected rate cut from the Reserve Bank of India last week. RBI chief Raghuram Rajan has also signaled that central bank will be accommodative to the extent possible.
4) BSE Sensex and Nifty surged over 2 per cent on Monday to their highest levels in over a month, tracking a broad rally in global markets. This marked the fourth straight day of gains for Indian markets.
5) Banking stocks, which were among the biggest gainers yesterday, are also likely to be in focus. Press Trust of India had earlier reported that the Cabinet is likely to consider this week a proposal to recast Rs 4.3 lakh crore loans of nine state power distribution companies with a view to bring down their liabilities.
6) Analysts say that Nifty faces resistance at 8,250-8300 levels and if these levels are taken out, markets could be poised to move even higher in the short term.
7) Following expectations of a delayed Fed rate hike, the rupee also closed at over one-month high of 65.28/dollar on Monday.
8) A lower-than-estimated jobs addition in the US has added to expectation that the Fed may refrain from raising key interest rates this year, fueling a rally in global markets. The US jobs data for September was released on Friday. The possibility of the Fed delaying the lift-off date for rates also meant its loose policy, which has helped shore up stock markets globally by providing cheap cash, would continue a little longer.
9) The prospect of a delay in the U.S. Federal Reserve's plan to raise interest rates and signs of some stability in oil and commodity markets boosted Asian stocks on Tuesday. Japan's Nikkei led the rally and traded 1.5 per cent higher.
10) Overnight, the Dow Jones industrial average rose 304.06 points, or 1.85 per cent, to 16,776.43. The S&P 500 rose for a fifth straight session for the first time this year.
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