Monday, 30 October 2017

Markets Expected To Open At Record Highs On The Back Of Positive Global Cues

Posted by suhani varma on Monday, October 30, 2017 with No comments


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SGX Nifty indicating a positive opening for the Indian equities.

Global markets
US: The major averages all closed in positive territory, but the Nasdaq outperformed its counterparts by a wide margin.

The Nasdaq spiked by 144.49 points or 2.2% to 6,701.26, while the S&P 500 climbed 20.67 points or 0.8% to 2,581.07 and the Dow inched up 33.33 points or 0.1% to 23,434.19.

The strength on Wall Street came in reaction to upbeat earnings news from several well-known companies.

Europe closed in the green in Friday’s trade with FTSE up 0.25%, CAC up 0.70%, DAX up 0.64%.

FII /DII Data: In the cash market today, FII’s sold 640 crores stock whereas DII’s bought 56 crores worth of stock.

In the derivative market, FII’s sold 66 crores of Index futures and bought 1155 crores worth of Index options.

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