Opening Bell - Nifty above 8,150 mark; Realty, Banking stocks lead

India Infoline News Service | Mumbai | November 30, 2016 09:15 IST

At 9:15 AM, the S&P BSE Sensex is trading at 26,441, up by 47 points, while NSE Nifty is trading at 8,172 up by 30 points.

At 9:15 AM, the S&P BSE Sensex is trading at 26,441, up by 47 points, while NSE Nifty is trading at 8,172 up by 30 points.

The Indian rupee opened lower by two paise at 68.67/$ against the previous close of 68.65/$.

Asian markets opened mixed as oil weakness saw exporters fall while importers saw rise in indices. Overnight the US indices rallied with the tech heavy Nasdaq hitting fresh 52 week highs as risk on trade returns with any fall being an opportunity to buy.

A boost in prices could resurrect not just energy stocks but many other asset classes. US GDP numbers came in at 3.2pc in the September quarter raising hopes of a rate hike next month.

In India, September quarter domestic GDP growth will be in focus; the impact of demonetisation will be known only next quarter. The fiscal deficit numbers and infrastructure output data are also on tap today. Fitch Ratings has cut the GDP growth forecast for FY17 to 6.9 pc from 7.4 pc, citing the demonetisation effect.

 

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