At 9:15 AM, the S&P BSE Sensex is trading at 26,977 up 135 points, while NSE Nifty is trading at 8,246 up 32 points.
At 9:15 AM, the S&P BSE Sensex is trading at 26,977 up 135 points, while NSE Nifty is trading at 8,246 up 32 points.
The Indian rupee opened higher by 8 paise at 67.23/$ against US Dollar on Friday as against the previous close of 67.29/$. The rupee regained lost ground, helped by buoyancy in the domestic equities. In the cross currency segment, Japanese Yen is rebounding strongly against the greenback, inspite of a gloomy economic landscape.
Macro data flow has been positive and the Indian economy could more than double to $5 trillion in a "matter of few years" affirms FM Arun Jaitley. Reforms could propel India to becoming a more developed economy besides having retaining the tag if being the fastest growing large economy, the FM stated. On the economy front, FM Arun Jaitley said that India will attempt to keep proposed GST rate as moderate as possible."At what rate the GST Council will start it, I don't know...there have been recommendations which have been made by expert committees," Jaitley was quoted as saying.
Banking stocks could see action as speculation builds up on what the RBI would do at its review meet on Tuesday. ECB kept interest any rate hike on hold. The US Federal Reserve officials meet on 14-15 June to discuss their policy. Nikkei Services and Composite PMI will be in focus. Asian markets are trading higher. Nikkei 225 and Hang Seng are marginally up.
Wall Street ended higher. All the eyes are on Payrolls report and whether Federal Reserve will hike interest rates as soon as its June 14-15 meeting. The Dow Jones rose 48.89 points, or 0.27 percent, the Nasdaq Composite added 19.11 points, or 0.39 percent, to 4,971.36.
OPEC failed to agree a clear oil-output strategy on Thursday as Iran insisted on steeply raising its own production, though Saudi Arabia’s new oil minister promised not to flood the market and sought to mend fences within the organization. Oil prices rose 0.3% on Thursday after the meeting.
The Indian rupee opened higher by 8 paise at 67.23/$ against US Dollar on Friday as against the previous close of 67.29/$. The rupee regained lost ground, helped by buoyancy in the domestic equities. In the cross currency segment, Japanese Yen is rebounding strongly against the greenback, inspite of a gloomy economic landscape.
Macro data flow has been positive and the Indian economy could more than double to $5 trillion in a "matter of few years" affirms FM Arun Jaitley. Reforms could propel India to becoming a more developed economy besides having retaining the tag if being the fastest growing large economy, the FM stated. On the economy front, FM Arun Jaitley said that India will attempt to keep proposed GST rate as moderate as possible."At what rate the GST Council will start it, I don't know...there have been recommendations which have been made by expert committees," Jaitley was quoted as saying.
Banking stocks could see action as speculation builds up on what the RBI would do at its review meet on Tuesday. ECB kept interest any rate hike on hold. The US Federal Reserve officials meet on 14-15 June to discuss their policy. Nikkei Services and Composite PMI will be in focus. Asian markets are trading higher. Nikkei 225 and Hang Seng are marginally up.
Wall Street ended higher. All the eyes are on Payrolls report and whether Federal Reserve will hike interest rates as soon as its June 14-15 meeting. The Dow Jones rose 48.89 points, or 0.27 percent, the Nasdaq Composite added 19.11 points, or 0.39 percent, to 4,971.36.
OPEC failed to agree a clear oil-output strategy on Thursday as Iran insisted on steeply raising its own production, though Saudi Arabia’s new oil minister promised not to flood the market and sought to mend fences within the organization. Oil prices rose 0.3% on Thursday after the meeting.
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