Tuesday, 29 September 2015

Expect market to open in red: Angel Broking

According to Angel Broking, markets are expected to open in red tracking the SGX Nifty and the Asian cues.

Indian markets are expected to open in red tracking the SGX Nifty and the Asian cues.

The US markets ended in negative led by weak economic cues out of China which once again raised concerns about the health of the global economy. China's industrial profits declined in August as product prices continued to decrease. Industrial profits fell 8.8 percent in August from a year ago, following a 2.9 percent drop in July. Biotech shares in US were also hit hard due to worries about increased regulatory scrutiny of drug prices. INTRADAY TIPS

The European markets ended negative led by concerns over China which returned to the forefront, after the nation released some disappointing economic data. Worries over China prompted further weakness in commodity prices.

The Indian markets ended in red yesterday ahead of the Reserve Bank of India policy review today at 11 am. The central bank is expected to cut its key repo rate by at least 25 basis points, but investors' focus would be on the tone of the central bank at a time when both the WPI and retail inflation are falling.

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1 comment:

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