Friday, 23 October 2015

Pre-Market : Nifty To See Strong Opening On ECB Move; May Reclaim 8,300

Posted by suhani varma on Friday, October 23, 2015 with No comments

The domestic equity benchmarks may see a gap-up opening on Friday, as investors are likely to cheer overnight surge in the US stocks after European Central Bank (ECB) pledged to keep stimulus intact beyond 2016, if needed.

At 8 am, Nifty50 stock futures on the Singapore Stock Exchange were trading 0.88 per cent higher at 8,334, indicating a strong opening in the domestic market. No major index heavyweight is scheduled to report earnings for the day. Tracking the momentum, the Nifty index is likely to drift higher and reclaim its crucial psychological level of 8,300 in trade today.


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