Markets Likely to Open Up; US Futures Flat

  • Stock Market News
Markets Likely to Open Up; US Futures Flat

By Aditya Raghunath -- Nifty 50 Futures  in Singapore are trading up 0.46% as of this report indicating a gap up opening for the Nifty 50 and BSE Sensex 30 .

Nifty broke out of its consolidation range and closed over 17,600 for the first time on September 16. Market experts say that the next target for Nifty is 17,800. Yesterday, investors ended up richer by Rs 1.1 lakh crore as the Sensex gained 417 points.

Finance Minister Nirmala Sitharaman announced that the government would guarantee Rs 30,600 crore as security receipts which will be issued by the National Asset Reconstruction Company Ltd (NARCL), or the ‘bad bank’.

Foreign institutional investors were net buyers of Indian equities on September 16 and purchased shares worth Rs 1,621.88 crore on Thursday.

Asian markets are trading mixed with Nikkei 225 up 0.53%, KOSPI 50 up less than 0.1% and the Shanghai Composite down 0.3%. Apart from the stock markets, China has also started to crackdown on financial blogs and news websites in the country.

Global markets are expected to be subdued as an unexpected rise in US monthly retail sales renewed expectations for the Federal Reserve to tighten monetary policy with just days to go until the US central bank's meeting next week.

As of this report, Dow Jones 30 Futures , S&P 500 Futures and Nasdaq 100 Futures are all trading down less than 0.1% each.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

  • Nishant Aryan @Nishant Aryan
    Soona nifty gonna touch 18k by monthly expiry.
    Like 0

Related Articles