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Nifty may open flat

The green tick on the SGX Nifty suggest a positive opening for our markets but Nifty is likely to open flat as Asia is trading weak. Japan’s revised GDP shrinks an annualized 1.2 percent and China remains in focus as data shows that country's foreign exchange reserves fell by USD 93.9 billion in August to USD 3.55 trillion. The SGX Nifty was up 39 points at 7596 at 7.40 am back home to the bears were all over Dalal Street with the Sensex falling to its lowest level in 15 months and Nifty dropped below 7,600.

MarketMagnify Opening Bell

NIFTY FUTURE UP 9.45@7592.00
BANKNIFTY FUTURE UP 34.85@15888.00
SENSEX DOWN 6.82 @24895.52
INR 66.77

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Investment Ideas in Stock Market with latest updates:

The Indian equity market is expected to open in the red today with the SGX Nifty, an indicator of the market opening, trading at 7624.50, down 33.50 points at 7:40. The market saw its highest weekly loss in nearly four years with the Nifty and Sensex losing more than 4 percent last week. The Bank Nifty was down over 20 percent from its all-time high. Globally, US stocks closed more than 1 percent lower ahead of a long weekend on Friday as uncertainty about the timing of a rate hike and Chinese economic growth continued to weigh.

MarketMagnify Opening Bell

NIFTY FUTURE UP 11.65@7677.75

BANK NIFTY FUTURE UP 13.10@16200

SENSEX UP 35.25@25237.15

INR 66.61

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Stock Market –Opening Bell & News Updates

The Indian equity market is expected to open in the red today on global market cues. The SGX Nifty, an indicator of the market opening, was trading at 7819.50, down 22 points. Globally, the US market closed narrowly mixed as investors await the non-farm payrolls report for august due later today. Asian markets too are negative in early trade even as China's stock market remains closed for a second day.

The Indian rupee gained 9 paise in the early trade on Friday. It has opened at 66.15 per dollar against 66.24 a dollar in previous session.

MarketMagnify Opening Bell

NIFTY FUTURE DOWN 57.75@7799.70

BANK NIFTY FUTURE DOWN 180.90@16455.35

SENSEX DOWN 144.45@25631.91

INR 66.20

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