Jul 9, 2015
The Indian equities is likely to witness a positive opening today tracking a bullish trend in fellow Asian peers and a strong closing at Wall Street on Friday as traders cheered a possible resolution for the Greek economic crisis. However, weak factory output data may weigh on market sentiment. May industrial output data slowed to 2.7 per cent year-on-year in May, compared with 4.1 per cent in April, amid weak growth in the manufacturing sector, data released by the Ministry of Statistics and Programme Implementation showed on Friday. On the global front, Asian stocks started week on positive note, barring Hong kong's Hang Sang, as investors weighed negotiations between European leaders and Greece. China extended rally for the third day on trot as the country's government managed to restore some confidence in the stock market after banning insiders from selling shares in listed companies while allowing banks to roll over loans backed by shares.