Monday, 27 August 2018

Nifty Likely To Open Higher Zee Entertainment, Eicher Among Top Buy Calls

Posted by suhani varma on Monday, August 27, 2018 with No comments

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The Nifty is likely to open with a gap on Monday following positive trend seen in other Asian markets. The index closed 25 points lower at 11,557 on Friday.

Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 43 points or 0.37 percent. Nifty futures were trading around 11,617- level on the Singaporean Exchange.

The benchmark S&P 500 stock index clinched its longest bull-market run on Friday, closing above its previous January high, as Federal Reserve Chairman Jerome Powell affirmed the US central bank's current pace of rate hikes, said a Reuters report.


Asian shares rose early on Monday, taking support from Wall Street’s gains on Friday after US Federal Reserve Chairman Jerome Powell said a gradual approach to raising rates was best to protect the US economy and job growth, said the report.

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