At 9:15 AM, the S&P BSE Sensex is trading at 27,942 up 12 points, while NSE Nifty is
trading at 8,653 up 27 points.
The rupee opened higher by seven paise at 66.72/$ as against the previous close of 66.79/$.
Asian markets opened on a weak note following the US indices which closed marginally in the red after very range bound trade. Uncertainty on the US elections which are due next week coupled with rise in bond yields kept sentiment weak. The only exception continues to be Brazil & Russia where the indices continue to tread higher with more money chasing growth as economies see better times ahead.
Auto numbers will be in focus as the festive season was expected to spur demand. While Mutual Funds pumped in net Rs. 8,106 crore, foreign funds pulled out more than Rs. 10,000 crore in October; a bulk of the withdrawals was in debt.
The dollar has weakened. China’s manufacturing sector saw its fastest pace of expansion in recent years as Purchasing Managers' Index (PMI) moved higher to 51.2 in October.
Crude oil prices, which were subdued for weeks rose marginally on expectations of some consensus among OPEC members in managing production. The email saga may be haunting Clinton but polls suggest she is still ahead in the race for US President. The Bank of Japan maintained status quo on rates. Fed outcome tomorrow will be eyed though nothing much is expected ahead of US presidential elections.
India’s core sectors grew 5% in September driven by strong growth in the steel and petroleum products sectors. The growth in the Index of Eight Core Industries is stronger than the 3.2% rise in August.
On macroeconomic data front, the Nikkei India Manufacturing PMI data for the month of October is scheduled today. Also auto stocks will be in focus.
trading at 8,653 up 27 points.
The rupee opened higher by seven paise at 66.72/$ as against the previous close of 66.79/$.
Asian markets opened on a weak note following the US indices which closed marginally in the red after very range bound trade. Uncertainty on the US elections which are due next week coupled with rise in bond yields kept sentiment weak. The only exception continues to be Brazil & Russia where the indices continue to tread higher with more money chasing growth as economies see better times ahead.
Auto numbers will be in focus as the festive season was expected to spur demand. While Mutual Funds pumped in net Rs. 8,106 crore, foreign funds pulled out more than Rs. 10,000 crore in October; a bulk of the withdrawals was in debt.
The dollar has weakened. China’s manufacturing sector saw its fastest pace of expansion in recent years as Purchasing Managers' Index (PMI) moved higher to 51.2 in October.
Crude oil prices, which were subdued for weeks rose marginally on expectations of some consensus among OPEC members in managing production. The email saga may be haunting Clinton but polls suggest she is still ahead in the race for US President. The Bank of Japan maintained status quo on rates. Fed outcome tomorrow will be eyed though nothing much is expected ahead of US presidential elections.
India’s core sectors grew 5% in September driven by strong growth in the steel and petroleum products sectors. The growth in the Index of Eight Core Industries is stronger than the 3.2% rise in August.
On macroeconomic data front, the Nikkei India Manufacturing PMI data for the month of October is scheduled today. Also auto stocks will be in focus.
