Monday 4 May 2015

Opening Bell : Global Cues May Keep Nifty In Green Today

Posted by suhani varma on Monday, May 04, 2015 with No comments

The SGX Nifty, an indicator of pre-market opening was up 42 points to 8252 early morning. Among global markets, in the US, stocks closed about 1 percent higher on Friday, recovering from Thursday's sell-off, as investors eyed higher treasury yields and looked for signs of economic growth. US treasury yields continued to gain, with the 10-year briefly topping 2.12 percent, nearly an eight-week high. 

On the economic data front, expansion in the US manufacturing sector weakened in April as growth in output and new orders fell. The final US manufacturing purchasing managers' index fell to 54.1 in April from 55.7 in March. Also, construction spending data for March showed a decline of 0.6 percent.

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