Indian Market Outlook:
Indian benchmark Nifty had a lackluster movement last week where it moved in a narrow band of 125 points. Bank Nifty is trading at 2016 highs and has closed at 19425 near the psychological high of 19500. The appointment of Dr. Patel as new RBI governor should go well with the market as it signals the continuity of the Tenure's Policy Measures of Dr. Rajan.
State Bank of Bikaner and Jaipur, State Bank of Mysore, State Bank of Travancore and Bhartiya Mahila Bank will be in focus as SBI has approved its merger with these banks.
Top 5 gainers for yesterday were Bank of Baroda, SBI, Hindalco, Aurobindo Pharma and Ambuja Cements.
Nifty Futures is expected to open at 8680 as per SGX Nifty at 8:30 am IST, which is at its previous close of 8677.
International Market Outlook:
International markets have been trading in a range for last six weeks with uncertainty in the absence of any clarity about when US FED will increase short term interest rates. The major US, European and Asian markets have been in a buy trend but the buying momentum has subsided over the past few weeks. Today morning SP futures and Japan Nikkei are trading flat.
Help From: Dynamic Levels
Indian benchmark Nifty had a lackluster movement last week where it moved in a narrow band of 125 points. Bank Nifty is trading at 2016 highs and has closed at 19425 near the psychological high of 19500. The appointment of Dr. Patel as new RBI governor should go well with the market as it signals the continuity of the Tenure's Policy Measures of Dr. Rajan.
State Bank of Bikaner and Jaipur, State Bank of Mysore, State Bank of Travancore and Bhartiya Mahila Bank will be in focus as SBI has approved its merger with these banks.
Top 5 gainers for yesterday were Bank of Baroda, SBI, Hindalco, Aurobindo Pharma and Ambuja Cements.
Nifty Futures is expected to open at 8680 as per SGX Nifty at 8:30 am IST, which is at its previous close of 8677.
International Market Outlook:
International markets have been trading in a range for last six weeks with uncertainty in the absence of any clarity about when US FED will increase short term interest rates. The major US, European and Asian markets have been in a buy trend but the buying momentum has subsided over the past few weeks. Today morning SP futures and Japan Nikkei are trading flat.
Help From: Dynamic Levels
Nifty to Open Flat Post Appointment of the New RBI Governor
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