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China Manufacturing PMI Has Come Below Expectation Leading To Weak Opening By Hang Seng
Stock Market Today by Ripples Advisory – 2nd January 2019
Indian markets ended last day of the year on a flat note. The Nifty Index rose 3 points or 0.02% to settle at 10863. The Index made a high of 10923 and a low of 10853.
In the foreign exchange market, the rupee edged higher against the dollar. The rupee was hovering at 69.785, compared with its close of 69.95 during the previous trading session.
The Nifty Index rose 80 points or 0.74% to settle at 10860 after making a high of 10893.
The US was reportedly seeking more details from China on trade proposals, hoping to reach an agreement before the March 1 deadline that would raise US tariffs on Chinese goods to jump from 10% to 25%.
European markets were trading higher on the final day of 2018. Stocks in Hong Kong gained in an abbreviated trading session Monday, as investors were encouraged by signs that the US and China are working toward a trade deal.
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NIFTY OUTLOOK & OPEN INTEREST IN INDEX OPTION-
FII+PRO in combined have bought 31716 contracts in Index Options in the current expiry.
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The investment advice or guidance provided by way of recommendations, reports or other ways are solely the personal views of the research team. Users are advised to use the data for the purpose of information and rely on their own judgment while making the investment decision.
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