MARKETS
Indian equities on the weekly expiry day tracking mixedAsian financial markets started on a positive note. Sensex moved higher by 0.23 per cent or 188 points at 81,689, while the Nifty climbed 15 points or 0.06 per cent to 24,986. Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services said, "Dow reaching yet another record high and the resilience of the US economy coupled with impressive corporate earnings indicate the continuation of this bull rally in the mother market of the US. With the Fed expected to continue the rate cut with another 25bp cut in the next policy meeting, S&P 500 has the potential to move past the 6000 level bringing cheer to other equity markets." Stock-specific action is likely to prevail as we may witness reaction on Q2 performance by some of the counters including L&T Technology and Bajaj Auto among others. Furthermore, a host of companies including heavyweights such as Infosys, Wipro, Axis Bank and Nestle are slated to come up with their Q2 performance today. Meanwhile, Asian markets traded mixed, while the MSCI Asia ex-Japan index traded marginally higher. Hang Seng and Straits Times were up up to 1 per cent, while Japan's Nikkei was down 0.5 per cent. Get Latest Business News , Stock Market Updates and Videos ; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Business Twitter and Facebook . Subscribe on YouTube . None
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