Tuesday, 1 December 2015

Nifty likely to open in green | Morning News On Stock Cash Market Tips

The Nifty is likely to open in the green with indicator SGX Nifty trading at 7996.50, up 17 points. But all eyes will be on the Reserve Bank policy expected later in the day.

Meanwhile, the 30-share BSE Sensex rose 17.47 points to close at 26145.67 and the 50-share NSE Nifty declined 7.45 points to 7935.25 but the BSE Smallcap index outperformed benchmarks, rising 0.8 percent. Even the market breadth was positive as about 1626 shares advanced against 1078 declining shares on the BSE. 

Meanwhile, most Asian peers too are trading higher despite a negative finish from Wall Street overnight. Chinese markets opened in the red after investor sentiment took a hit from private and official November PMI surveys.The Shanghai Composite was down 7 points, or 0.22 percent, at 3,439 after the official data was released. The smaller Shenzhen Composite and the tech-heavy Chinext was flat, while the CSI 300 Index was down 0.3 percent.

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