Markets likely to open lower; RBI policy meet eyed The key domestic benchmarks are likely to open lower tracking a bearish trend in most Asian markets. SGX Nifty is trading 23.50 points down. Caution will persist as the RBI announces its monetary policy decision today. Global Market: Asian markets were in hesitant mood on Tuesday as investors wondered what Chinas response would be to civil unrest in Hong Kong, while the U.S. dollar was on track to post its biggest monthly gain in well over a year. US stocks ended lower on Monday following protests in Hong Kong that added to worries about Chinese growth and after a disappointing forecast from Ford Motor Co HSBC, LVMH and other companies exposed to Hong Kong underperformed a broader drop in European stock markets on Monday as civil unrest in the Asian city continued. Levels to watch out : Supports @ 7930 - 7870 - 7840 Resistance @ 7995/8000 - 8040 - 8080 Regards, Team ATC.
Posted on: Tue, 30 Sep 2014 03:28:35 +0000
Trending Topics
Recently Viewed Topics
© 2015