Sunday, 4 October 2015

Sensex, Nifty likely to open positive on firm global cues -- 5 Oct 2015

The BSE Sensex and NSE Nifty are likely to open in green on Monday tracking SGX Nifty and firm global cues.

The BSE Sensex and NSE Nifty are likely to open in green on Monday tracking SGX Nifty and firm global cues.

   At 8.22 am (IST), SGX Nifty was up 0.94 per cent, or 75.50 points, at 8,034.
Hang Seng, Nikkei and Shanghai were up 1.89 per cent, 1.22 per cent and 0.48 per cent at 21,911.78, 17941.62 and 3052.78, respectively.
Asian stocks rose early on Monday after prospects of a near-term interest rate hike by the Federal Reserve ebbed in the wake of Friday’s weaker-than-expected US employment data.
Data released on Friday showed US non-farm payrolls rose by 1,42,000 in September, considerably lower than the 2,03,000 jobs the markets had expected.
The possibility of the Fed delaying the lift-off date for rates also meant its loose policy, which has helped shore up risk assets globally by providing cheap cash, would continue a little longer. The Dow and S&P 500 both gained more than 1 per cent on Friday.
Back home, Sensex and Nifty gained 0.25 per cent and 0.03 per cent on Thursday. Domestic equity markets were closed on Friday on account of Mahatma Gandhi Jayanti.
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