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Monday, 26 February 2018

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MARKETS LIVE: Nifty trades above 10,500; auto stocks gain; OBC tanks 11%

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The domestic indices were trading higher on Monday taking cues from its Asian counterparts.

Later this week, the market participants will look forward to key economic data such as Nikkei Markit Manufacturing Purchasing Managers Index (PMI), Fiscal Deficit and Gross Domestic Product (GDP).

In the global markets, Asian markets were in a guardedly upbeat mood on Monday, heading into an event-packed week headlined by US inflation data and the first House testimony by the new head of the Federal Reserve.

A modest improvement in risk appetite saw the safe-haven yen lost ground, while MSCI’s broadest index of Asia-Pacific shares outside Japan firmed 0.3 per cent.

Japan’s Nikkei climbed 1.4 per cent and E-Mini futures for the S&P 500 rose 0.1 per cent.

The gains followed Wall Street, where the Dow ended Friday up by 1.39 per cent, while the S&P 500 gained 1.60 per cent and the Nasdaq 1.77 per cent.

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

1 comment:

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