At 9:15 AM, the S&P BSE Sensex is trading at 28,104 up 44 points, while NSE Nifty is trading at 8,669 up 19 points.
Asian markets are trading mixed. Nikkei 225 is trading in red, while Shanghai Composite and Hong Kong's Hang Seng are trading lower. Market-wide rollovers to the September F&O series were above average while rollovers for Nifty futures so far have been much higher than the past three series. Bank Nifty rolls have been lower so far and some action is anticipated here. Few global developments like North Korea testing another missile and Turkey launching attacks on Syria have once again brought in the tension factor. The only thought now on investors’ minds seems to be about what the Fed is likely to do in September. Yellen’s speech at Jackson Hole tomorrow may provide some clues.
Wall Street closed lower on Wednesday. The Dow Jones industrial average closed 0.35% lower, at 18,481.48. The S&P 500 fell 0.52% and the Nasdaq dropped 0.81%, to 5,217.69.
The Cabinet Committee on Economic Affairs approved nine projects worth about Rs.24,000 crore in nine states for expansion of railway network and connectivity across the country. The Union cabinet on Wednesday approved a revised India-Cyprus tax treaty that seeks to plug loopholes used by investors to avoid paying taxes in India.
BSNL announced a national unlimited 3G mobile data plan for Rs.1,099 and doubled the data usage limit in some existing plans.
The rupee opened marginally higher by two paise at 67.08/$ against US Dollar Thursday as against the previous close of 67.10/$. In currency markets, traders will remain on the sidelines ahead of Yellen’s speech. Amid the slew of hawkish remarks from various Fed officials, it has become imperative for the investors to hear from horse’s mouth.
Asian markets are trading mixed. Nikkei 225 is trading in red, while Shanghai Composite and Hong Kong's Hang Seng are trading lower. Market-wide rollovers to the September F&O series were above average while rollovers for Nifty futures so far have been much higher than the past three series. Bank Nifty rolls have been lower so far and some action is anticipated here. Few global developments like North Korea testing another missile and Turkey launching attacks on Syria have once again brought in the tension factor. The only thought now on investors’ minds seems to be about what the Fed is likely to do in September. Yellen’s speech at Jackson Hole tomorrow may provide some clues.
Wall Street closed lower on Wednesday. The Dow Jones industrial average closed 0.35% lower, at 18,481.48. The S&P 500 fell 0.52% and the Nasdaq dropped 0.81%, to 5,217.69.
The Cabinet Committee on Economic Affairs approved nine projects worth about Rs.24,000 crore in nine states for expansion of railway network and connectivity across the country. The Union cabinet on Wednesday approved a revised India-Cyprus tax treaty that seeks to plug loopholes used by investors to avoid paying taxes in India.
BSNL announced a national unlimited 3G mobile data plan for Rs.1,099 and doubled the data usage limit in some existing plans.
The rupee opened marginally higher by two paise at 67.08/$ against US Dollar Thursday as against the previous close of 67.10/$. In currency markets, traders will remain on the sidelines ahead of Yellen’s speech. Amid the slew of hawkish remarks from various Fed officials, it has become imperative for the investors to hear from horse’s mouth.
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