Moneycontrol PRO
Check Credit Score
Check Credit Score
HomeNewsBusinessStocks

Expect market to open on flat note: Angel Broking

According to Angel Broking, markets are expected to open flat with positive bias tracking SGX Nifty.

August 05, 2015 / 09:01 AM IST

Angel Broking’s market report:Indian markets are expected to open flat with positive bias tracking SGX Nifty.US stocks closed lower Tuesday, but off the session lows hit when one of the Fed president indicated that September interest-rate hike is likely unless there is a significant deterioration in the economy. FTSE 100 was down as Standard Life shares were lower by 3.3 percent after it said that its annuities business suffered from recent pension reforms.Markets corrected on profit booking post RBI announced its 3rd bio-monthly policy review. In a volatile trading session, Sensex plunged more than 300 points intraday and Nifty breached 8500, but managed to cut losses in later part of the session. Index heavyweights Infosys, Reliance, ITC and HDFC twins dragged the market, but select banks and metals & mining stocks supported.Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

first published: Aug 5, 2015 09:01 am

Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347