Thursday, 18 January 2018

Markets expected to open gap up, Dow Jones surges past 26K@

SGX Nifty indicating a positive opening for the Indian markets.

Markets expected to continue the positive momentum as Govt considers easing FDI norms in the banking sector and expectation of positive changes in the GST council meeting that will be held today.

Global markets
Major Asian markets are trading in the green at present Nikkei is up 0.46%, Hang Seng is up 0.47%, while Shanghai Composite the is trading  0.50% higher.

US Markets: The Dow Jones Industrial Average crossed 26,000 for the first time ever yesterday, the Dow rose 1.3%, to 26,117, S&P 500 advanced 0.9%, to 2,803 while the Nasdaq Composite Index was up 1%, ending at 7,298. All three indices closed at record highs.

The positive momentum was witnessed after the Federal Reserve's Beige Book gave a positive outlook regarding the US economy, as well as a separate report from the Federal Reserve, showed the US industrial production surged over the winter.

European markets closed in the red yesterday with FTSE down 0.39 %, CAX down 0.36% and DAX closed 0.47% lower

FII Data: In yesterday’s session FII’s bought 625 crores stock in the cash market whereas DII’s bought 168 crores worth of stock.



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